T2 Biosystems Past Earnings Performance
Past criteria checks 0/6
T2 Biosystems has been growing earnings at an average annual rate of 1.9%, while the Biotechs industry saw earnings growing at 7.7% annually. Revenues have been declining at an average rate of 3.9% per year.
Key information
1.9%
Earnings growth rate
61.5%
EPS growth rate
| Biotechs Industry Growth | -14.6% |
| Revenue growth rate | -3.9% |
| Return on equity | n/a |
| Net Margin | -559.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How T2 Biosystems makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 8 | -43 | 23 | 0 |
| 30 Jun 24 | 7 | -48 | 23 | 0 |
| 31 Mar 24 | 7 | -46 | 24 | 0 |
| 31 Dec 23 | 7 | -50 | 25 | 0 |
| 30 Sep 23 | 11 | -50 | 26 | 1 |
| 30 Jun 23 | 13 | -52 | 27 | 0 |
| 31 Mar 23 | 17 | -64 | 29 | 0 |
| 31 Dec 22 | 22 | -62 | 31 | 0 |
| 30 Sep 22 | 24 | -64 | 31 | 0 |
| 30 Jun 22 | 28 | -61 | 32 | 0 |
| 31 Mar 22 | 28 | -55 | 32 | 0 |
| 31 Dec 21 | 28 | -49 | 29 | 0 |
| 30 Sep 21 | 29 | -47 | 27 | 0 |
| 30 Jun 21 | 27 | -44 | 24 | 0 |
| 31 Mar 21 | 23 | -43 | 21 | 0 |
| 31 Dec 20 | 18 | -47 | 22 | 0 |
| 30 Sep 20 | 13 | -51 | 24 | 0 |
| 30 Jun 20 | 10 | -54 | 25 | 0 |
| 31 Mar 20 | 9 | -59 | 27 | 0 |
| 31 Dec 19 | 8 | -59 | 27 | 0 |
| 30 Sep 19 | 7 | -60 | 26 | 0 |
| 30 Jun 19 | 8 | -57 | 26 | 0 |
| 31 Mar 19 | 10 | -53 | 27 | 0 |
| 31 Dec 18 | 11 | -51 | 26 | 0 |
| 30 Sep 18 | 10 | -54 | 25 | 0 |
| 30 Jun 18 | 9 | -58 | 24 | 0 |
| 31 Mar 18 | 6 | -61 | 23 | 0 |
| 31 Dec 17 | 5 | -62 | 23 | 0 |
| 30 Sep 17 | 4 | -59 | 23 | 0 |
| 30 Jun 17 | 4 | -57 | 23 | 0 |
| 31 Mar 17 | 4 | -56 | 24 | 0 |
| 31 Dec 16 | 4 | -55 | 24 | 0 |
| 30 Sep 16 | 4 | -52 | 23 | 0 |
| 30 Jun 16 | 4 | -51 | 23 | 0 |
| 31 Mar 16 | 4 | -48 | 21 | 0 |
| 31 Dec 15 | 3 | -45 | 19 | 0 |
| 30 Sep 15 | 2 | -42 | 18 | 0 |
| 30 Jun 15 | 1 | -40 | 16 | 0 |
| 31 Mar 15 | 0 | -38 | 14 | 0 |
| 31 Dec 14 | 0 | -36 | 11 | 0 |
| 30 Sep 14 | 0 | -35 | 9 | 0 |
| 30 Jun 14 | 0 | -33 | 7 | 0 |
| 31 Mar 14 | 0 | -31 | 6 | 0 |
| 31 Dec 13 | 0 | -28 | 5 | 0 |
Quality Earnings: 3T2 is currently unprofitable.
Growing Profit Margin: 3T2 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 3T2 is unprofitable, but has reduced losses over the past 5 years at a rate of 1.9% per year.
Accelerating Growth: Unable to compare 3T2's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 3T2 is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (-18.2%).
Return on Equity
High ROE: 3T2's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.