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

DURECT (NASDAQ:DRRX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.93m (up 11% from 3Q 2023).
• Net loss: US$4.29m (loss widened by 42% from 3Q 2023).
• US$0.14 loss per share (further deteriorated from US$0.11 loss in 3Q 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 2.4%. Earnings per share (EPS) exceeded analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 60% 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 24% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for DURECT (of which 1 is a bit concerning!) you should know about.

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