Helius Medical Technologies Inc reports results for the quarter ended in March - Earnings Summary

Solana Co

13/05/2024 22:38

* Helius Medical Technologies Inc  HSDT.OQ  reported a
quarterly
adjusted loss of $3.08​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $-4.50.  The mean expectation of three analysts
for the quarter was for a loss of $3.87 per share. Wall Street
expected results to range from $-5.04 to $-2.70 per share.
    * Revenue rose 21.6% to $135.00 thousand from a year ago;
analysts
expected $130.50 thousand. 
    * Helius Medical Technologies Inc's reported EPS for the
quarter
was a loss of $3.08​.
    * The company reported a quarterly loss of $2.52 million.
    * Helius Medical Technologies Inc shares had fallen by 72.0%
this
quarter and lost 79.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Helius Medical
Technologies Inc is $15.00 
This summary was machine generated from LSEG data May 13 at
09:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -3.87          -3.08          Beat
 Dec. 31 2023      -3.77          -1.47          Beat
 Sep. 30 2023      -6.00          -5.49          Beat
 Jun. 30 2023      -5.83          -3.00          Beat