BioCardia Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

BioCardia (NASDAQ:BCDA) Full Year 2024 Results

Key Financial Results

• Net loss: US$7.95m (loss narrowed by 31% from FY 2023).
• US$2.90 loss per share (improved from US$8.20 loss in FY 2023).

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

BioCardia EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 83% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 7 warning signs for BioCardia (4 are potentially serious!) that you should be aware of.

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