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Longeveron Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Longeveron (NASDAQ:LGVN) Third Quarter 2022 Results

Key Financial Results

  • Net loss: US$5.24m (loss widened by 8.0% from 3Q 2021).

  • US$0.25 loss per share.

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

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

Longeveron Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 165%. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is expected to decline by 49% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 14%.

Performance of the American Biotechs industry.

The company's shares are up 17% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 6 warning signs for Longeveron (1 is concerning!) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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