TG Therapeutics First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TG Therapeutics (NASDAQ:TGTX) First Quarter 2024 Results

Key Financial Results

• Revenue: US$63.5m (up by US$55.7m from 1Q 2023).
• Net loss: US$10.7m (loss narrowed by 73% from 1Q 2023).
• US$0.073 loss per share (improved from US$0.28 loss in 1Q 2023).

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

TG Therapeutics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 14% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for TG Therapeutics that you should be aware of before investing here.

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