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Alcidion Group Full Year 2024 Earnings: Misses Expectations

Alcidion Group (ASX:ALC) Full Year 2024 Results

Key Financial Results

  • Revenue: AU$37.1m (down 8.3% from FY 2023).

  • Net loss: AU$8.42m (loss widened by 133% from FY 2023).

  • AU$0.006 loss per share (further deteriorated from AU$0.003 loss in FY 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Alcidion Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Healthcare Services industry in Australia.

Performance of the Australian Healthcare Services industry.

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

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Alcidion Group that we have uncovered.

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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.