Yahoo Finance Arcturus Therapeutics Holdings First Quarter 2024 Earnings: Beats Expectations
Arcturus Therapeutics Holdings (NASDAQ:ARCT) First Quarter 2024 Results
Key Financial Results
Revenue: US$38.0m (down 53% from 1Q 2023).
Net loss: US$26.8m (down by 153% from US$50.8m profit in 1Q 2023).
US$1.00 loss per share (down from US$1.91 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arcturus Therapeutics Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 115%. Earnings per share (EPS) also surpassed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 41% 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 up 2.6% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Arcturus Therapeutics Holdings' balance sheet health.
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