Eden Research has published a strong set of results for FY24, reporting revenue growth of 34% YoY to £4.3m, in line with our expectations. Product sales grew a strong 38% YoY. As expected in our forecast, the operating loss increased in FY24 as the company invested in its capabilities and bore the cost of product registration renewals in the EU. The company closed FY24 with cash of £3.7m (Cavendish estimate £3.6m). Eden was able to generate repeat Ecovelex sales to partner Corteva, having been g ....
