Akoya Biosciences (NASDAQ:AKYA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$23.2m (down 1.5% from 2Q 2023).

• Net loss: US$13.1m (loss narrowed by 37% from 2Q 2023).

• US$0.27 loss per share (improved from US$0.51 loss in 2Q 2023).

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

Akoya Biosciences Revenues Disappoint

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 19% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Akoya Biosciences, and understanding these should be part of your investment process.

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