DURECT Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

[email protected] (Simply Wall St)
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DURECT (NASDAQ:DRRX) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.17m (up 4.3% from 2Q 2023).

  • Net loss: US$3.70m (loss narrowed by 67% from 2Q 2023).

  • US$0.12 loss per share (improved from US$0.46 loss in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

DURECT EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 56% 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 down 22% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 5 warning signs for DURECT (2 are significant) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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