Personalis Second Quarter 2024 Earnings: Beats Expectations
Personalis (NASDAQ:PSNL) Second Quarter 2024 Results
Key Financial Results
Revenue: US$22.6m (up 35% from 2Q 2023).
Net loss: US$12.8m (loss narrowed by 47% from 2Q 2023).
US$0.24 loss per share (improved from US$0.50 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Personalis Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 36%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are down 3.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Personalis (2 shouldn't be ignored!) that you should be aware of.
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