Ocular Therapeutix Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Ocular Therapeutix (NASDAQ:OCUL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$15.4m (up 2.3% from 3Q 2023).
• Net loss: US$36.5m (loss widened by US$36.0m from 3Q 2023).
• US$0.22 loss per share (further deteriorated from US$0.006 loss in 3Q 2023).

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

Ocular Therapeutix EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 8.8%.

Looking ahead, revenue is forecast to grow 44% 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 down 17% from a week ago.

Risk Analysis

Be aware that Ocular Therapeutix is showing 3 warning signs in our investment analysis and 1 of those is concerning...

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