Trevena Second Quarter 2024 Earnings: US$0.23 loss per share (vs US$0.69 loss in 2Q 2023)

Trevena (NASDAQ:TRVN) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$4.89m (loss narrowed by 39% from 2Q 2023).
• US$0.23 loss per share (improved from US$0.69 loss in 2Q 2023).

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

Trevena Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% 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 up 2.4% from a week ago.

Risk Analysis

You should learn about the 7 warning signs we've spotted with Trevena (including 5 which are significant).

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