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RxSight Third Quarter 2022 Earnings: Beats Expectations

RxSight (NASDAQ:RXST) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$12.6m (up 118% from 3Q 2021).

  • Net loss: US$16.8m (loss widened by 33% from 3Q 2021).

  • US$0.61 loss per share.

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

RxSight Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 7.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for RxSight that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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