In This Article:
Heron Therapeutics (NASDAQ:HRTX) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$36.0m (up 13% from 2Q 2023).
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Net loss: US$9.24m (loss narrowed by 78% from 2Q 2023).
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US$0.061 loss per share (improved from US$0.35 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Heron Therapeutics EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 29% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Heron Therapeutics (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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