T2 Biosystems Inc reports results for the quarter ended in March - Earnings Summary

T2 Biosystems

22/05/2023 22:07

* T2 Biosystems Inc  TTOO.OQ  reported a quarterly adjusted
loss
of $1.32​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss of
$1.20 per share.
    * Revenue fell 71.3% to $2.08 million from a year ago;
analysts
expected $2.33 million. 
    * T2 Biosystems Inc's reported EPS for the quarter was a
loss of
$1.32​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * T2 Biosystems Inc shares had fallen by 40.4% this
quarter and
lost 80.7% so far this year.
    * The company reported a quarterly loss of $17.97 million.
    * Wall Street's median 12-month price target for T2
Biosystems Inc
is $0.58 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
22 at 09:07 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -1.20          -1.32          Missed
 Dec. 31 2022      -1.70          -1.41          Beat
 Sep. 30 2022      -2.04          -2.95          Missed
 Jun. 30 2022      -4.50          -5.00          Missed