Ascendis Pharma Reports Revenue Growth Despite Loss

Ascendis Pharma (ASND) has released an update.

Ascendis Pharma has released its unaudited financial results for the period ending September 30, 2024, showing a revenue increase to €189.7 million from €129.0 million in the previous year. Despite the revenue growth, the company reported a net loss of €339.6 million, attributed to ongoing research and development expenses. Investors in the stock market may find this financial performance indicative of the company’s strategic focus on innovation and growth.

For further insights into ASND stock, check out TipRanks’ Stock Analysis page.