HLS Therapeutics Third Quarter 2024 Earnings: Misses Expectations

HLS Therapeutics (TSE:HLS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$14.1m (down 12% from 3Q 2023).
• Net loss: US$4.84m (loss narrowed by 30% from 3Q 2023).
• US$0.15 loss per share (improved from US$0.21 loss in 3Q 2023).

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

HLS Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are up 14% from a week ago.

Risk Analysis

You still need to take note of risks, for example - HLS Therapeutics has 2 warning signs we think you should be aware of.

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