Yahoo Finance Tarsus Pharmaceuticals First Quarter 2024 Earnings: Beats Expectations
Tarsus Pharmaceuticals (NASDAQ:TARS) First Quarter 2024 Results
Key Financial Results
Revenue: US$27.6m (up by US$25.1m from 1Q 2023).
Net loss: US$35.7m (loss widened by 53% from 1Q 2023).
US$1.01 loss per share (further deteriorated from US$0.88 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tarsus Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 43%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are down 7.6% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Tarsus Pharmaceuticals, and understanding it should be part of your investment process.
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