Yahoo Finance CollPlant Biotechnologies First Quarter 2024 Earnings: Misses Expectations
CollPlant Biotechnologies (NASDAQ:CLGN) First Quarter 2024 Results
Key Financial Results
Revenue: US$98.0k (down 77% from 1Q 2023).
Net loss: US$4.20m (loss widened by 13% from 1Q 2023).
US$0.37 loss per share (further deteriorated from US$0.33 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CollPlant Biotechnologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 85%. Earnings per share (EPS) also missed analyst estimates by 5.7%.
Looking ahead, revenue is forecast to grow 30% 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 down 9.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for CollPlant Biotechnologies that you need to take into consideration.
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