Cardio Diagnostics Holdings Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-16

Cardio Diagnostics Holdings (NASDAQ:CDIO) Third Quarter 2024 Results Key Financial Results Net loss: US$1.41m (loss narrowed by 27% from 3Q 2023). US$0.058 loss per share (improved from US$0.16 loss ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 34%. Earnings per share  also missed analyst estimates by 20%.Looking ahead, revenue is forecast to grow 200% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Biotechs industry in the US.The company's shares are down 35% from a week ago.It is worth noting though that we have found 6 warning signs for Cardio Diagnostics Holdings (4 make us uncomfortable!) that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CDIO":"CARDIO DIAGNOSTICS HOLDINGS INC","CDIOW":"CARDIO DIAGNOSTICS HOLDINGS INC C/WTS (01/12/2026) TO PUR COM"},"translate_title":"Cardio Diagnostics Holdings 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CDIO":0.9,"CDIOW":0.9},"content_text":"Cardio Diagnostics Holdings (NASDAQ:CDIO) Third Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$1.41m (loss narrowed by 27% from 3Q 2023).\nUS$0.058 loss per share (improved from US$0.16 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:CDIO Earnings and Revenue History November 16th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCardio Diagnostics Holdings Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 20%. \n Looking ahead, revenue is forecast to grow 200% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are down 35% from a week ago. \nRisk Analysis\n It is worth noting though that we have found 6 warning signs for Cardio Diagnostics Holdings (4 make us uncomfortable!) 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":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","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":"4.29.4","shortVersion":"4.29.4","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/2483519085"}