Yahoo Finance TerrAscend Full Year 2023 Earnings: EPS Misses Expectations
TerrAscend (TSE:TSND) Full Year 2023 Results
Key Financial Results
Revenue: US$317.3m (up 28% from FY 2022).
Net loss: US$91.1m (loss narrowed by 70% from FY 2022).
US$0.33 loss per share (improved from US$1.24 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TerrAscend EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 176%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Pharmaceuticals industry in Canada.
Performance of the Canadian Pharmaceuticals industry.
The company's shares are up 8.2% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on TerrAscend's balance sheet health.
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