Ocuphire Pharma Full Year 2023 Earnings: Misses Expectations
Ocuphire Pharma (NASDAQ:OCUP) Full Year 2023 Results
Key Financial Results
Revenue: US$19.0m (down 52% from FY 2022).
Net loss: US$9.99m (down by 156% from US$17.9m profit in FY 2022).
US$0.46 loss per share (down from US$0.90 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ocuphire Pharma Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 84%.
Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are down 21% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Ocuphire Pharma that we have uncovered.
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