PROCEPT BioRobotics Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
PROCEPT BioRobotics (NASDAQ:PRCT) Full Year 2023 Results
Key Financial Results
Revenue: US$136.2m (up 82% from FY 2022).
Net loss: US$105.9m (loss widened by 22% from FY 2022).
US$2.24 loss per share (further deteriorated from US$1.96 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PROCEPT BioRobotics Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 4.6%.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for PROCEPT BioRobotics that you should be aware of.
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