In This Article:
Arcturus Therapeutics Holdings (NASDAQ:ARCT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$41.7m (down 7.7% from 3Q 2023).
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Net loss: US$6.90m (loss narrowed by 57% from 3Q 2023).
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US$0.26 loss per share (improved from US$0.61 loss in 3Q 2023).
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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