Sol-Gel Technologies Third Quarter 2024 Earnings: Beats Expectations

Sol-Gel Technologies (NASDAQ:SLGL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$5.36m (up by US$5.15m from 3Q 2023).
• Net loss: US$366.0k (loss narrowed by 94% from 3Q 2023).
• US$0.013 loss per share (improved from US$0.20 loss in 3Q 2023).

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

Sol-Gel Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) also surpassed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 28% 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 Sol-Gel Technologies is showing 3 warning signs in our investment analysis that you should know about...

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