Spruce Biosciences Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-14 20:57

Spruce Biosciences (NASDAQ:SPRB) Third Quarter 2024 Results Key Financial Results Revenue: US$602.0k (down 80% from 3Q 2023). Net loss: US$8.67m (loss narrowed by 30% from 3Q 2023). US$0.21 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 42%. Earnings per share  exceeded analyst estimates by 17%.Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.The company's shares are down 6.0% from a week ago.It is worth noting though that we have found 3 warning signs for Spruce Biosciences (1 is a bit concerning!) that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SPRB":"Spruce Biosciences, Inc."},"translate_title":"Spruce Biosciences 2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPRB":1},"content_text":"Spruce Biosciences (NASDAQ:SPRB) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$602.0k (down 80% from 3Q 2023).\nNet loss: US$8.67m (loss narrowed by 30% from 3Q 2023).\nUS$0.21 loss per share (improved from US$0.30 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:SPRB Earnings and Revenue Growth November 14th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSpruce Biosciences EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 42%. Earnings per share (EPS) exceeded analyst estimates by 17%. \n Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 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 6.0% from a week ago. \nRisk Analysis\n It is worth noting though that we have found 3 warning signs for Spruce Biosciences (1 is a bit concerning!) 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":"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":"4.29.1","shortVersion":"4.29.1","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/2483544805"}