Yahoo Finance Scilex Holding Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Scilex Holding (NASDAQ:SCLX) Full Year 2023 Results
Key Financial Results
Revenue: US$46.7m (up 23% from FY 2022).
Net loss: US$167.0m (loss widened by US$143.6m from FY 2022).
US$1.28 loss per share (further deteriorated from US$0.17 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Scilex Holding Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are down 2.2% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Scilex Holding (at least 2 which are a bit unpleasant), and understanding these should be part of your investment process.
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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.
