Catalyst Pharmaceuticals Second Quarter 2023 Earnings: EPS: US$0.35 (vs US$0.21 in 2Q 2022)
Catalyst Pharmaceuticals (NASDAQ:CPRX) Second Quarter 2023 Results
Key Financial Results
Revenue: US$99.6m (up 88% from 2Q 2022).
Net income: US$37.8m (up 75% from 2Q 2022).
Profit margin: 38% (down from 41% in 2Q 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.35 (up from US$0.21 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Catalyst Pharmaceuticals Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 11% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Catalyst Pharmaceuticals (of which 1 makes us a bit uncomfortable!) you should know about.
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