Xylo Technologies First Half 2024 Earnings: US$11.33 loss per share (vs US$13.39 loss in 1H 2023)

Xylo Technologies (NASDAQ:XYLO) First Half 2024 Results

Key Financial Results

• Revenue: US$19.3m (down 64% from 1H 2023).
• Net loss: US$8.17m (flat on 1H 2023).
• US$11.33 loss per share (improved from US$13.39 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Xylo Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Xylo Technologies (3 make us uncomfortable!) that you should be aware of.

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