60 Degrees Pharmaceuticals Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St.08-17

60 Degrees Pharmaceuticals (NASDAQ:SXTP) Second Quarter 2024 Results Key Financial Results Revenue: US$125.7k (up 101% from 2Q 2023). Net loss: US$4.29m (loss widened by 29% from 2Q 2023). US$4.23 ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 41%. Earnings per share  also missed analyst estimates by 152%.Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.The company's shares are up 39% from a week ago.It is worth noting though that we have found 6 warning signs for 60 Degrees Pharmaceuticals (5 shouldn't be ignored!) that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SXTP":"60 degrees pharmaceuticals, Inc.","SXTPW":"60 Degrees Pharmaceuticals Equity Warrants Exp 16 May 2028 Warrant"},"translate_title":"60 Degrees Pharmaceuticals 2024年第二季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SXTP":0.9,"SXTPW":0.9},"content_text":"60 Degrees Pharmaceuticals (NASDAQ:SXTP) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$125.7k (up 101% from 2Q 2023).\nNet loss: US$4.29m (loss widened by 29% from 2Q 2023).\nUS$4.23 loss per share.\n\n\n\n\n  NasdaqCM:SXTP Earnings and Revenue History August 17th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\n60 Degrees Pharmaceuticals Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 41%. Earnings per share (EPS) also missed analyst estimates by 152%. \n Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US. \nPerformance of the American Pharmaceuticals industry.\n The company's shares are up 39% from a week ago. \nRisk Analysis\n It is worth noting though that we have found 6 warning signs for 60 Degrees Pharmaceuticals (5 shouldn't be ignored!) that you need to take into consideration. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460807207"}