earnings
confidence high
sentiment positive
materiality 0.65
BioLargo Q3: YTD revenue up 80% to $14.1M; net loss narrows
BIOLARGO, INC.
- Year-to-date revenue $14.1M, up 80% YoY; Q3 revenue $4.4M, up 63% YoY.
- Net loss narrowed to $1.1M in Q3 (from $1.5M) and $2.6M YTD (from $3.6M).
- Current assets $7.4M, cash $3.9M; stockholders' equity $6.0M as of Sept 30, 2024.
- CEO says tenth consecutive year of record revenue; expects 2025 to be another record.
- Investing in production for national rollout of Clyra Medical Technologies products.