Aurinia Pharmaceuticals Second Quarter 2024 Earnings: Beats Expectations

Aurinia Pharmaceuticals (NASDAQ:AUPH) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$57.2m (up 38% from 2Q 2023).
• Net income: US$722.0k (up from US$11.5m loss in 2Q 2023).
• Profit margin: 1.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.005 (up from US$0.08 loss in 2Q 2023).

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

Aurinia Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Aurinia Pharmaceuticals that we have uncovered.

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