Eton Pharmaceuticals Third Quarter 2024 Earnings: Beats Expectations

Eton Pharmaceuticals (NASDAQ:ETON) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$10.3m (up 47% from 3Q 2023).
• Net income: US$627.0k (up from US$579.0k loss in 3Q 2023).
• Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.024 (up from US$0.023 loss in 3Q 2023).

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

Eton Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 31% 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 up 19% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Eton Pharmaceuticals' balance sheet health.

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