RedHill Biopharma (NASDAQ:RDHL) Second Quarter 2022 Results
Key Financial Results
Revenue: US$18.3m (down 15% from 2Q 2021).
Net loss: US$11.7m (loss narrowed by 60% from 2Q 2021).
US$0.21 loss per share (improved from US$0.62 loss in 2Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RedHill Biopharma Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Pharmaceuticals industry in the US.
The company's shares are down 16% from a week ago.
You should learn about the 5 warning signs we've spotted with RedHill Biopharma (including 2 which are a bit unpleasant).
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