Universal Biosensors Full Year 2024 Earnings Report: A loss of AU$0.053 per share, compared to a loss of AU$0.032 per share in FY 2023.

1 min read | February 28, 2025 03:51 PM AEDT | By Team Kalkine Media

Highlights

  • Revenue decreased by 5.3% from the previous financial year.
  • Net loss expanded to AU$14.2 million.
  • Shares have declined by 7.7% over the past week.

Universal Biosensors (ASX:UBI) has reported its full-year financial results for 2024, revealing a decline in revenue alongside an increase in net losses. The company recorded a revenue of AU$6.28 million, marking a 5.3% decrease from the fiscal year 2023.

The net loss for Universal Biosensors widened dramatically to AU$14.2 million, representing an increase of 111% compared to the previous year. Correspondingly, the loss per share has also deteriorated from AU$0.032 in FY 2023 to AU$0.053.

The earnings and revenue history for ASX:UBI as of February 27th, 2025, shows all figures are reflective of the trailing 12-month period. Following this financial update, Universal Biosensors' shares have seen a 7.7% drop over the past week.

Risk and Analysis

Investors should consider the risk analysis associated with Universal Biosensors, including several warning signs recently identified. Understanding these risks can provide a better perspective on the company's current standing and future potential.


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