PROCEPT BioRobotics Third Quarter 2024 Earnings: Beats Expectations

PROCEPT BioRobotics (NASDAQ:PRCT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$58.4m (up 66% from 3Q 2023).
• Net loss: US$21.0m (loss narrowed by 15% from 3Q 2023).
• US$0.40 loss per share (improved from US$0.51 loss in 3Q 2023).

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

PROCEPT BioRobotics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 25% 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 33% from a week ago.

Risk Analysis

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

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