Yahoo Finance TELA Bio First Quarter 2024 Earnings: US$0.23 loss per share (vs US$0.63 loss in 1Q 2023)
TELA Bio (NASDAQ:TELA) First Quarter 2024 Results
Key Financial Results
Revenue: US$16.6m (up 39% from 1Q 2023).
Net loss: US$5.66m (loss narrowed by 53% from 1Q 2023).
US$0.23 loss per share (improved from US$0.63 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TELA Bio Earnings Insights
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are up 22% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for TELA Bio (1 is a bit concerning!) that you should be aware of.
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