DURECT Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

DURECT (NASDAQ:DRRX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.17m (up 4.3% from 2Q 2023).
• Net loss: US$3.70m (loss narrowed by 67% from 2Q 2023).
• US$0.12 loss per share (improved from US$0.46 loss in 2Q 2023).

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

DURECT EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are down 22% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for DURECT you should be aware of, and 2 of them don't sit too well with us.

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