Evoke Pharma Full Year 2023 Earnings: EPS Misses Expectations

Evoke Pharma (NASDAQ:EVOK) Full Year 2023 Results

Key Financial Results

• Revenue: US$5.18m (up 107% from FY 2022).
• Net loss: US$7.79m (loss narrowed by 5.3% from FY 2022).
• US$2.33 loss per share (improved from US$2.62 loss in FY 2022).

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

Evoke Pharma EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Evoke Pharma (3 can't be ignored!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.