Perimeter Medical Imaging AI Second Quarter 2024 Earnings: Beats Expectations

Perimeter Medical Imaging AI (CVE:PINK) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$3.18m (loss narrowed by 35% from 2Q 2023).
• US$0.05 loss per share (improved from US$0.076 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Perimeter Medical Imaging AI Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in North America.

Performance of the market in Canada.

The company's shares are down 16% from a week ago.

Risk Analysis

It is worth noting though that we have found 6 warning signs for Perimeter Medical Imaging AI (3 are concerning!) that you need to take into consideration.

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