Avadel Pharmaceuticals Third Quarter 2024 Earnings: Beats Expectations

In This Article:

Avadel Pharmaceuticals (NASDAQ:AVDL) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$50.0m (up by US$43.0m from 3Q 2023).

  • Net loss: US$2.63m (loss narrowed by 93% from 3Q 2023).

  • US$0.027 loss per share (improved from US$0.41 loss in 3Q 2023).

earnings-and-revenue-growth
NasdaqGM:AVDL Earnings and Revenue Growth November 14th 2024

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

Avadel Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 29% 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 21% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Avadel Pharmaceuticals 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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