Glaukos (NYSE:GKOS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$96.7m (up 24% from 3Q 2023).
• Net loss: US$21.4m (loss narrowed by 30% from 3Q 2023).
• US$0.39 loss per share (improved from US$0.63 loss in 3Q 2023).

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

Glaukos Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 7.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Glaukos, and understanding these should be part of your investment process.

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