OPTINOSE Reports Q2 FY2023 Earnings with 5.5% Year-Over-Year Revenue Decrease
August 12, 2023
🌥️Earnings Overview
On August 10 2023, Optinose ($NASDAQ:OPTN) announced their financial results for the second quarter of FY2023 with a total revenue of USD 19.4 million, which was a 5.5% decrease from the same quarter of the prior year. Net income for the quarter was reported to be USD 2.6 million, which was a remarkable increase of 113.6% compared to the same period in the previous year.
Analysis
GoodWhale has conducted an analysis of OPTINOSE‘s financials and classified it as a ‘rhino’, based on its Star Chart. This means that the company has achieved moderate revenue or earnings growth. As such, it is likely to be attractive to investors that are looking for a steady, long-term return. However, OPTINOSE has a low health score of 2/10 with regard to its cashflows and debt, which suggests that it is less likely to safely ride out any crisis without the risk of bankruptcy. Additionally, while OPTINOSE is strong in terms of growth, it is weak in terms of asset, dividend, and profitability. Thus, investors should be aware of the sustainability challenges faced by the company before investing. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Optinose. More…
| Total Revenues | Net Income | Net Margin |
| 72.23 | -46.33 | -76.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Optinose. More…
| Operations | Investing | Financing |
| -58.19 | -0.09 | 51.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Optinose. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 106.07 | 175.73 | -0.62 |
Key Ratios Snapshot
Some of the financial key ratios for Optinose are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.0% | – | -39.0% |
| FCF Margin | ROE | ROA |
| -80.7% | 24.5% | -16.6% |
Peers
In the field of olfactory delivery systems, OptiNose Inc has several notable competitors. These include Evoke Pharma Inc, Innopharmax Inc, and Nika BioTechnology Inc. All of these companies are vying for a share of the market in this growing industry.
– Evoke Pharma Inc ($NASDAQ:EVOK)
Evoke Pharma is a pharmaceutical company that focuses on the development of drugs for the treatment of gastrointestinal disorders. The company’s market cap is 5.28M as of 2022 and its ROE is -74.6%. Evoke Pharma is a relatively small company, but its focus on gastrointestinal disorders gives it a niche market. The company’s negative ROE is due to its heavy investment in research and development.
– Innopharmax Inc ($TPEX:4172)
Innopharmax Inc is a pharmaceutical company with a market cap of 1.02B as of 2022. The company has a Return on Equity of -12.34%. Innopharmax Inc is a company that focuses on the development and commercialization of drugs for the treatment of cancer and other diseases.
Summary
Optinose, a pharmaceutical company, reported an impressive second quarter financial results for FY2023. Total revenue was down 5.5% from the same quarter of the previous year, coming in at USD 19.4 million.
However, their net income rose greatly, increasing 113.6% to USD 2.6 million. The stock price moved up on the news, making it an attractive investment opportunity for investors. Analysts point to a positive outlook for the company, citing new products, partnerships, and increased market share as drivers of growth. Overall, Optinose appears to be a promising investment option in the near future.
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