Capricor Therapeutics Second Quarter 2024 Earnings: Beats Expectations

Capricor Therapeutics (NASDAQ:CAPR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$3.97m (up 1.4% from 2Q 2023).
• Net loss: US$11.0m (loss widened by 49% from 2Q 2023).
• US$0.34 loss per share (further deteriorated from US$0.29 loss in 2Q 2023).

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

Capricor Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 40% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Capricor Therapeutics (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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