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The latest announcement is out from Eden Research ( (GB:EDEN) ).
Eden Research announced a trading update, revealing a 34% increase in revenue for FY2024, driven by significant sales growth of its products Mevalone and Cedroz. The company expects a further 16% revenue increase in FY2025, bolstered by new market authorizations and the withdrawal of competing products in the EU, which positions Eden to gain additional market share. Despite increased operating losses in FY2024, Eden does not anticipate needing additional funding for its working capital. The company is actively pursuing regulatory approvals and commercial partnerships to expand its market presence, with several key milestones expected in 2025 that could positively impact revenue.
More about Eden Research
Eden Research plc is a UK-listed leader in sustainable biopesticide and biocontrol technology. The company focuses on developing innovative biopesticide products and natural microencapsulation technologies for the global crop protection, animal health, and consumer products industries. Eden’s products are primarily used on high-value fruits and vegetables, enhancing crop yields and marketability with performance comparable or superior to traditional pesticides.
YTD Price Performance: 2.53%
Average Trading Volume: 471,299
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £21.6M
For a thorough assessment of EDEN stock, go to TipRanks’ Stock Analysis page.
