Orchestra BioMed Holdings Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Orchestra BioMed Holdings Inc Ordinary Shares OBIO | 5.82 5.82 | +0.69% 0.00% Post |
Orchestra BioMed Holdings (NASDAQ:OBIO) Full Year 2023 Results
Key Financial Results
- Net loss: US$49.1m (loss widened by 46% from FY 2022).
- US$1.48 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orchestra BioMed Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Orchestra BioMed Holdings that you should be aware of.
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.
