CollPlant Biotechnologies Q2 2024 Adj. EPS $(0.33) Beats $(0.35) Estimate, Sales $249K May Not Be Comparable To $700K Estimate
Portfolio Pulse from Benzinga Newsdesk
CollPlant Biotechnologies reported a Q2 2024 adjusted EPS of $(0.33), beating the estimate of $(0.35). However, their sales of $249K may not be comparable to the $700K estimate.
August 20, 2024 | 11:02 am
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CollPlant Biotechnologies reported better-than-expected Q2 2024 EPS of $(0.33) compared to the $(0.35) estimate. However, sales of $249K may not be directly comparable to the $700K estimate, indicating potential discrepancies in revenue expectations.
The better-than-expected EPS is a positive indicator for CollPlant, suggesting cost management or other efficiencies. However, the sales figure discrepancy raises questions about revenue expectations, leading to a neutral short-term impact as investors may seek clarity.
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