Arcturus Therapeutics Holdings Third Quarter 2024 Earnings: Beats Expectations

In This Article:

Arcturus Therapeutics Holdings (NASDAQ:ARCT) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$41.7m (down 7.7% from 3Q 2023).

  • Net loss: US$6.90m (loss narrowed by 57% from 3Q 2023).

  • US$0.26 loss per share (improved from US$0.61 loss in 3Q 2023).

earnings-and-revenue-growth
NasdaqGM:ARCT Earnings and Revenue Growth November 9th 2024

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

Arcturus Therapeutics Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 77%.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 9.0% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Arcturus Therapeutics Holdings' balance sheet.

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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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