Theralase Technologies Second Quarter 2024 Earnings: CA$0.005 loss per share (vs CA$0.005 loss in 2Q 2023)

[email protected] (Simply Wall St)
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Theralase Technologies (CVE:TLT) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CA$100.8k (down 54% from 2Q 2023).

  • Net loss: CA$1.13m (loss narrowed by 1.9% from 2Q 2023).

  • CA$0.005 loss per share (in line with 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

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

Theralase Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in North America.

Performance of the market in Canada.

The company's shares are down 7.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Theralase Technologies (of which 1 is concerning!) you should know about.

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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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