Augmedix Third Quarter 2023 Earnings: Beats Expectations

Augmedix (NASDAQ:AUGX) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$11.8m (up 50% from 3Q 2022).
• Net loss: US$4.41m (loss narrowed by 20% from 3Q 2022).
• US$0.097 loss per share (improved from US$0.15 loss in 3Q 2022).

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

Augmedix Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's shares are up 9.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Augmedix you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.