HLS Therapeutics Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

[email protected] (Simply Wall St)
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HLS Therapeutics (TSE:HLS) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$14.5m (down 12% from 2Q 2023).

  • Net loss: US$5.68m (loss narrowed by 40% from 2Q 2023).

  • US$0.18 loss per share (improved from US$0.29 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

HLS Therapeutics Earnings Insights

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for HLS Therapeutics that 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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