Travere Therapeutics (NASDAQ:TVTX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$62.9m (up 70% from 3Q 2023).

• Net loss: US$54.8m (loss narrowed by 39% from 3Q 2023).

• US$0.70 loss per share (improved from US$1.17 loss in 3Q 2023).

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

Travere Therapeutics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% 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 - Travere Therapeutics has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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