iSpecimen (NASDAQ:ISPC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$2.29m (down 22% from 1Q 2023).

• Net loss: US$2.90m (loss widened by 19% from 1Q 2023).

• US$0.32 loss per share (further deteriorated from US$0.27 loss in 1Q 2023).

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

iSpecimen Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 6 warning signs for iSpecimen (4 make us uncomfortable!) that we have uncovered.

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