MicroPort CardioFlow Medtech Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

MicroPort CardioFlow Medtech (HKG:2160) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥361.6m (up 7.5% from FY 2023).
• Net loss: CN¥49.4m (loss narrowed by 90% from FY 2023).
• CN¥0.02 loss per share (improved from CN¥0.20 loss in FY 2023).

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

MicroPort CardioFlow Medtech EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 70%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are down 9.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for MicroPort CardioFlow Medtech that you need to be mindful of.

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