Aytu BioPharma Second Quarter 2024 Earnings: Beats Expectations
Aytu BioPharma (NASDAQ:AYTU) Second Quarter 2024 Results
Key Financial Results
Revenue: US$22.9m (down 13% from 2Q 2023).
Net loss: US$220.0k (loss narrowed by 97% from 2Q 2023).
US$0.04 loss per share (improved from US$2.15 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aytu BioPharma Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 84%.
Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Pharmaceuticals industry in the US are expected to grow by 9.1%.
Performance of the American Pharmaceuticals industry.
The company's shares are up 18% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Aytu BioPharma you should be aware of, and 1 of them is a bit concerning.
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