Yahoo Finance OraSure Technologies First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
OraSure Technologies (NASDAQ:OSUR) First Quarter 2024 Results
Key Financial Results
Revenue: US$54.1m (down 65% from 1Q 2023).
Net loss: US$3.58m (down by 113% from US$27.2m profit in 1Q 2023).
US$0.048 loss per share (down from US$0.37 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OraSure Technologies Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Medical Equipment industry in the US are expected to grow by 8.1%.
Performance of the American Medical Equipment industry.
The company's shares are down 7.9% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with OraSure Technologies (including 1 which doesn't sit too well with us).
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