Yahoo Finance Heron Therapeutics Full Year 2023 Earnings: Beats Expectations
Heron Therapeutics (NASDAQ:HRTX) Full Year 2023 Results
Key Financial Results
Revenue: US$127.0m (up 18% from FY 2022).
Net loss: US$110.6m (loss narrowed by 39% from FY 2022).
US$0.80 loss per share (improved from US$1.67 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Heron Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 18% 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 21% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Heron Therapeutics (of which 1 is concerning!) you should know about.
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