Elutia Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-17

Elutia (NASDAQ:ELUT) Third Quarter 2024 Results Key Financial Results Revenue: US$5.92m (down 3.3% from 3Q 2023). Net income: US$1.07m (up from US$8.52m loss in 3Q 2023). Profit margin: 18% (up from ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 10%. Earnings per share  exceeded analyst estimates.Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.The company's shares are down 6.3% from a week ago.We don't want to rain on the parade too much, but we did also find 3 warning signs for Elutia (1 is a bit concerning!) that you need to be mindful of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ELUT":"Elutia"},"translate_title":"Elutia 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":{"ELUT":1},"content_text":"Elutia (NASDAQ:ELUT) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$5.92m (down 3.3% from 3Q 2023).\nNet income: US$1.07m (up from US$8.52m loss in 3Q 2023).\nProfit margin: 18% (up from net loss in 3Q 2023).\nEPS: US$0.031 (up from US$0.50 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:ELUT Earnings and Revenue Growth November 17th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nElutia EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates. \n Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are down 6.3% from a week ago. \nRisk Analysis\n We don't want to rain on the parade too much, but we did also find 3 warning signs for Elutia (1 is a bit concerning!) that you need to be mindful 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":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/2484868087"}