Petros Pharmaceuticals Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St.08-17

Petros Pharmaceuticals (NASDAQ:PTPI) Second Quarter 2024 Results Key Financial Results Revenue: US$1.42m (down 29% from 2Q 2023). Net loss: US$2.73m (loss widened by 7.4% from 2Q 2023). US$0.37 loss ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 1.8%. Earnings per share  also surpassed analyst estimates by 52%.Looking ahead, revenue is forecast to grow 43% 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 8.5% from a week ago.Don't forget that there may still be risks. For instance, we've identified   5 warning signs for Petros Pharmaceuticals   you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PTPI":"Petros Pharmaceuticals Inc"},"translate_title":"Petros Pharmaceuticals 2024年第二季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTPI":1},"content_text":"Petros Pharmaceuticals (NASDAQ:PTPI) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.42m (down 29% from 2Q 2023).\nNet loss: US$2.73m (loss widened by 7.4% from 2Q 2023).\nUS$0.37 loss per share.\n\n\n\n\n  NasdaqCM:PTPI Earnings and Revenue History August 17th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nPetros Pharmaceuticals Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 52%. \n Looking ahead, revenue is forecast to grow 43% 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 8.5% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   5 warning signs for Petros Pharmaceuticals (3 don't sit too well with us)  you should be aware of. \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. 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