The chart below shows how EDAP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EDAP sees a +9.28% change in stock price 10 days leading up to the earnings, and a -0.22% change 10 days following the report. On the earnings day itself, the stock moves by -2.58%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Worldwide Revenue Growth: Total world wide revenue in U.S. dollars of $14.4 million, representing currency-adjusted growth of 11.6% on a year-over-year basis.
Focal One Revenue Surge: Core Focal One HIFU business continues to experience strong growth with a 48.2% year-over-year increase in revenues, reflecting continued adoption of Focal One in the global urology community.
Focal One System Placements: We placed three Focal One systems in the third quarter, which included a system placement, Virginia Commonwealth University, as well as placements in Italy and Spain.
U.S. Procedure Growth: During the quarter, U.S. procedures grew 34% on a year-over-year basis, which reflects continued adoption by urologists who see Focal One as an important treatment option for delivering targeted focal therapy in earlier-stage prostate cancer patients.
HIFU Revenue Growth: Total revenue in the HIFU business for the third quarter of 2024 was €4.5 million as compared to €3 million for the third quarter of 2023, which represents growth of 48.2% year-over-year.
Negative
Worldwide Revenue Growth: Total world wide revenue in U.S. dollars of $14.4 million, representing currency-adjusted growth of 11.6% on a year-over-year basis.
Operating Expenses Increase: Operating expenses were €11 million for the third quarter compared to €9.7 million for the same period in 2023.
Operating Loss Comparison: Operating loss for the third quarter of 2024 was €5.8 million, which was relatively flat compared to an operating loss of €5.6 million in the third quarter of 2023.
Quarterly Net Loss Comparison: Net loss for the third quarter of 2024 was €6.4 million or €0.17 per diluted share, as compared to net loss of €3.9 million or €0.11 per diluted share in the year ago period.
Inventory Comparison Q3 2024: Ending inventory was €21 million in the third quarter of 2024 as compared to €15.1 million at the end of the fourth quarter in 2023.
EDAP TMS S.A. (EDAP) Q3 2024 Earnings Call Transcript
EDAP.O
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