Apollo Endosurgery Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Apollo Endosurgery (NASDAQ:APEN) Full Year 2022 Results
Key Financial Results
Revenue: US$76.9m (up 22% from FY 2021).
Net loss: US$39.8m (loss widened by 61% from FY 2021).
US$0.98 loss per share (further deteriorated from US$0.82 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Apollo Endosurgery Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's share price is broadly unchanged from a week ago.
It is worth noting though that we have found 2 warning signs for Apollo Endosurgery that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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