Lipella Pharmaceuticals Second Quarter 2024 Earnings: US$0.12 loss per share (vs US$0.27 loss in 2Q 2023)

Lipella Pharmaceuticals (NASDAQ:LIPO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$136.4k (up 28% from 2Q 2023).
• Net loss: US$938.1k (loss narrowed by 39% from 2Q 2023).
• US$0.12 loss per share (improved from US$0.27 loss in 2Q 2023).

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

Lipella Pharmaceuticals Earnings Insights

Looking ahead, revenue is forecast to grow 92% 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 19% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with Lipella Pharmaceuticals (including 4 which shouldn't be ignored).

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