Somalogic Inc reports results for the quarter ended in June - Earnings Summary

Somalogic

14/08/2023 22:37

* Somalogic Inc  SLGC.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 15 cents per share.
    * Revenue rose 44.7% to $20.47 million from a year ago;
analysts
expected $19.82 million. 
    * Somalogic Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Somalogic Inc shares had fallen by 10.4% this quarter and
lost 17.5% so far this year.
    * The company reported a quarterly loss of $24.77 million.
    * Wall Street's median 12-month price target for Somalogic
Inc is
$6.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 09:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.15          -0.13          Beat
 Mar. 31 2023      -0.22          -0.18          Beat
 Dec. 31 2022      -0.21          -0.26          Missed
 Sep. 30 2022      -0.20          -0.18          Beat