Evoke Pharma (NASDAQ:EVOK) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.55m (up 125% from 2Q 2023).

• Net loss: US$1.27m (loss narrowed by 32% from 2Q 2023).

• US$0.93 loss per share (improved from US$6.71 loss in 2Q 2023).

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

Evoke Pharma Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 55% 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 up 7.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Evoke Pharma has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.

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