KORU Medical Systems Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-16

KORU Medical Systems (NASDAQ:KRMD) Third Quarter 2024 Results Key Financial Results Revenue: US$8.18m (up 17% from 3Q 2023). Net loss: US$1.58m (loss widened by 16% from 3Q 2023). US$0.034 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 6.1%. Earnings per share  also surpassed analyst estimates by 10.0%.Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.The company's shares are up 10% from a week ago.Don't forget that there may still be risks. For instance, we've identified   1 warning sign for KORU Medical Systems  that you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"KRMD":"Repro Med Systems, Inc.","KORU":"Direxion Daily South Korea Bull"},"translate_title":"Koru Medical Systems 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KORU":1,"KRMD":0.9},"content_text":"KORU Medical Systems (NASDAQ:KRMD) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$8.18m (up 17% from 3Q 2023).\nNet loss: US$1.58m (loss widened by 16% from 3Q 2023).\nUS$0.034 loss per share (further deteriorated from US$0.03 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:KRMD Earnings and Revenue Growth November 16th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nKORU Medical Systems Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. \n Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. \nPerformance of the American Medical Equipment industry.\n The company's shares are up 10% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   1 warning sign for KORU Medical Systems  that 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. 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":"4.29.3","shortVersion":"4.29.3","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/2483951738"}