Yahoo Finance Orchestra BioMed Holdings Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Orchestra BioMed Holdings (NASDAQ:OBIO) Full Year 2023 Results
Key Financial Results
Net loss: US$49.1m (loss widened by 46% from FY 2022).
US$1.48 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orchestra BioMed Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 4 warning signs for Orchestra BioMed Holdings that you need to be mindful of.
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