Trevena Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
Trevena (NASDAQ:TRVN) Third Quarter 2023 Results
Key Financial Results
Net loss: US$7.93m (loss narrowed by 48% from 3Q 2022).
US$0.57 loss per share (improved from US$2.24 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Trevena Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 80%. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Trevena has 7 warning signs (and 4 which don't sit too well with us) we think you should know about.
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