Yahoo Finance BioCardia Full Year 2023 Earnings: Misses Expectations
BioCardia (NASDAQ:BCDA) Full Year 2023 Results
Key Financial Results
Revenue: US$477.0k (down 65% from FY 2022).
Net loss: US$11.6m (loss narrowed by 2.8% from FY 2022).
US$0.55 loss per share (improved from US$0.67 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BioCardia Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 8 warning signs for BioCardia (of which 3 are concerning!) you should know about.
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