Longeveron Second Quarter 2024 Earnings: Misses Expectations

Longeveron (NASDAQ:LGVN) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$11.9m (loss widened by 112% from 2Q 2023).
• US$1.83 loss per share.

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

Longeveron Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 110%.

Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for Longeveron (2 can't be ignored!) that we have uncovered.

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