CollPlant Biotechnologies Third Quarter 2024 Earnings: Misses Expectations

CollPlant Biotechnologies (NASDAQ:CLGN) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$4.33m (loss narrowed by 1.2% from 3Q 2023).
• US$0.38 loss per share (improved from US$0.38 loss in 3Q 2023).

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

CollPlant Biotechnologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 99%. Earnings per share (EPS) also missed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 22% 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 don't want to rain on the parade too much, but we did also find 3 warning signs for CollPlant Biotechnologies (1 is a bit concerning!) that you need to be mindful of.

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