BioRestorative Therapies Full Year 2023 Earnings: Beats Expectations

BioRestorative Therapies (NASDAQ:BRTX) Full Year 2023 Results

Key Financial Results

• Net loss: US$14.4m (loss narrowed by 22% from FY 2022).
• US$3.42 loss per share (improved from US$5.11 loss in FY 2022).

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

BioRestorative Therapies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 80% 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 5.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for BioRestorative Therapies you should be aware of, and 4 of them shouldn't be ignored.

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