Yahoo Finance Elutia Full Year 2023 Earnings: Misses Expectations
Elutia (NASDAQ:ELUT) Full Year 2023 Results
Key Financial Results
Revenue: US$24.7m (down 50% from FY 2022).
Net loss: US$41.2m (loss widened by 25% from FY 2022).
US$2.27 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Elutia Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 9.7%.
Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 8.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 6 warning signs for Elutia (2 are concerning!) that you should be aware of.
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