Alzinova (STO:ALZ) First Quarter 2024 Results
Key Financial Results
- Revenue: kr2.85m (down 39% from 1Q 2023).
- Net loss: kr4.96m (loss widened by 16% from 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alzinova Earnings Insights
Looking ahead, revenue is expected to decline by 62% p.a. on average during the next 3 years, while revenues in the Biotechs industry in Sweden are expected to grow by 16%.
Performance of the Swedish Biotechs industry.
The company's shares are up 32% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 5 warning signs for Alzinova (3 shouldn't be ignored) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OM:ALZ
Alzinova
A biopharmaceutical company, develops immunotherapies treatment for Alzheimer’s disease in Sweden.
Medium-low with adequate balance sheet.
