Inari Medical Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Inari Medical (NASDAQ:NARI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$153.4m (up 21% from 3Q 2023).
• Net loss: US$18.4m (down from US$3.16m profit in 3Q 2023).
• US$0.32 loss per share (down from US$0.055 profit in 3Q 2023).

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

Inari Medical Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 68%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Inari Medical has 1 warning sign we think you should be aware of.

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