Reported Q: Q2 2024 Rev YoY: +624.1% EPS YoY: +72.6% Move: -4.69%
Lexaria Bioscience Corp
LEXX
$0.691 -4.69%
Exchange NASDAQ Sector Healthcare Industry Biotechnology
Q2 2024
Published: Apr 9, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for LEXX

Reported

Report Date

Apr 9, 2024

Quarter Q2 2024

Revenue

145.00K

YoY: +624.1%

EPS

-0.06

YoY: +72.6%

Market Move

-4.69%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $0.15M up 624.1% year-over-year
  • EPS of $-0.06 increased by 72.6% from previous year
  • Gross margin of 89.0%
  • Net income of -649.54K
  • "N/A" - N/A
LEXX
Company LEXX

Executive Summary

Lexaria Bioscience Corp (LEXX) reported QQ2 2024 results with meaningful top-line growth on a tiny revenue base, but the quarter remained unprofitable as operating expenses continued to outpace revenue. Revenue of $145,000 generated a gross profit of $129,069, yielding an impressive gross margin around 89%, yet operating losses persisted with EBITDA of -$636,801 and net income of -$649,539 (EPS -$0.0603). The year-over-year revenue and profitability improvements reflect a favorable base effect and ongoing cost discipline, but the company remains in a development phase with no commercial product revenue and a heavy R&D/G&A expense cadence that drives negative cash flow from operations.

Key Performance Indicators

Revenue
Increasing
145.00K
QoQ: -4.15% | YoY: 624.09%
Gross Profit
Increasing
129.07K
89.01% margin
QoQ: -11.87% | YoY: 656.25%
Operating Income
Increasing
-668.00K
QoQ: 41.36% | YoY: 49.53%
Net Income
Increasing
-649.54K
QoQ: 44.92% | YoY: 49.96%
EPS
Increasing
-0.06
QoQ: 53.62% | YoY: 72.59%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 0.17 -0.15 +20.0% View
Q1 2025 0.18 -0.16 +21.6% View
Q4 2024 0.08 -0.17 +2.0% View
Q3 2024 0.08 -0.13 -9.8% View
Q2 2024 0.15 -0.06 +624.1% View