When Can We Expect A Profit From Addex Therapeutics Ltd (VTX:ADXN)? [Yahoo! Finance]
Addex Therapeutics Ltd - American Depositary Shares (ADXN)
Company Research
Source: Yahoo! Finance
Addex Therapeutics Ltd discovers, develops, and commercializes small-molecule pharmaceutical products for central nervous system (CNS) disorders in Switzerland. On 31 December 2023, the CHF8.5m market-cap company posted a loss of CHF11m for its most recent financial year. The most pressing concern for investors is Addex Therapeutics' path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. See our latest analysis for Addex Therapeutics According to the 2 industry analysts covering Addex Therapeutics, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of CHF14m in 2025. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate
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News
- Addex Therapeutics Reports Q1 2024 Financial Results and Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
- Addex Therapeutics Reports Q1 2024 Financial Results and Provides Corporate UpdateGlobeNewswire
- Addex Convenes Annual General Meeting 2024 [Yahoo! Finance]Yahoo! Finance
- Addex Convenes Annual General Meeting 2024GlobeNewswire
- Addex Therapeutics to Release Q1 2024 Financial Results and Host Conference Call on June 6, 2024GlobeNewswire
ADXN
Sec Filings
- 6/6/24 - Form 6-K
- 6/5/24 - Form 6-K
- 4/24/24 - Form 424B3
- ADXN's page on the SEC website