Longeveron Third Quarter 2024 Earnings: Beats Expectations

Longeveron (NASDAQ:LGVN) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$4.57m (loss narrowed by 23% from 3Q 2023).
• US$0.34 loss per share (improved from US$2.79 loss in 3Q 2023).

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

Longeveron Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 95%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

Be aware that Longeveron is showing 4 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

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