In This Article:
Avadel Pharmaceuticals (NASDAQ:AVDL) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$50.0m (up by US$43.0m from 3Q 2023).
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Net loss: US$2.63m (loss narrowed by 93% from 3Q 2023).
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US$0.027 loss per share (improved from US$0.41 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avadel Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 10% 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 we wrap up, we've discovered 1 warning sign for Avadel Pharmaceuticals that you should be aware of.
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