Organogenesis Holdings Second Quarter 2024 Earnings: US$0.13 loss per share (vs US$0.04 profit in 2Q 2023)

Organogenesis Holdings (NASDAQ:ORGO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$130.2m (up 11% from 2Q 2023).
• Net loss: US$17.0m (down by 421% from US$5.32m profit in 2Q 2023).
• US$0.13 loss per share (down from US$0.04 profit in 2Q 2023).

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

Organogenesis Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 3.7% 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 2.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Organogenesis Holdings' balance sheet health.

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