Stock Analysis
PMD Device Solutions Reports Second Quarter 2024 Earnings
PMD Device Solutions (STO:PMDS) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr12.4m (up 2.6% from 2Q 2023).
- Net loss: kr11.7m (loss widened by 85% from 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PMD Device Solutions Earnings Insights
Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in Sweden.
Performance of the Swedish Biotechs industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 6 warning signs for PMD Device Solutions (4 are significant!) that you need to take into consideration.
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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:PMDS
PMD Device Solutions
A digital medical device company, develops and sells respiratory monitoring solutions in Ireland.
