Cara Therapeutics Full Year 2023 Earnings: Misses Expectations
Cara Therapeutics (NASDAQ:CARA) Full Year 2023 Results
Key Financial Results
Revenue: US$21.0m (down 50% from FY 2022).
Net loss: US$118.5m (loss widened by 39% from FY 2022).
US$2.19 loss per share (further deteriorated from US$1.59 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cara Therapeutics Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Cara Therapeutics (1 is concerning!) that you need to take into consideration.
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