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Firebrick Pharma Reports Increased Revenue Amid Growing Losses

Story Highlights
  • Firebrick Pharma operates in the pharmaceutical industry with a focus on health products.
  • The company reported increased revenues but a significant rise in losses, with concerns about its ongoing viability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Firebrick Pharma Limited ( (AU:FRE) ) has shared an announcement.

Firebrick Pharma Limited reported its financial results for the half-year ending December 31, 2024, showing a revenue increase to $196,752, up from zero in the previous period. Despite the revenue growth, the company faced a significant increase in losses, with a 60.99% rise in loss after tax to $1,446,378. No dividends were declared, and the auditor’s report highlighted a material uncertainty regarding the company’s ability to continue as a going concern.

More about Firebrick Pharma Limited

Firebrick Pharma Limited operates in the pharmaceutical industry, focusing on the development and commercialization of health-related products and services, primarily targeting the Australian market.

YTD Price Performance: 38.33%

Average Trading Volume: 145,791

Technical Sentiment Consensus Rating: Sell

Find detailed analytics on FRE stock on TipRanks’ Stock Analysis page.

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