THORNE HEALTHTECH ($NASDAQ:THRN) announced their financial results for the second quarter of FY2023 (ending June 30 2023) indicating total revenue of USD 72.7 million, a year-on-year rise of 29.7%, and net income of USD 4.4 million, a growth of 179.6% compared to the previous year.
The company’s stock opened at 6.0 dollars and closed at 5.8 dollars, down 3.5% from its last closing price of 6.0 dollars. This marks a challenging quarter for THORNE HEALTHTECH, as the stock has seen a steady decline in the past months. Despite these setbacks, THORNE HEALTHTECH remains committed to developing innovative solutions to improve healthcare access and outcomes. They are continuing their efforts to launch new products to the market and to expand current services in order to increase revenue.
The company has also taken steps to reduce costs and improve operations, such as reorganizing its sales and marketing teams and streamlining its production processes. THORNE HEALTHTECH remains optimistic that these actions will help them turn their fortunes around in the upcoming quarters. They are confident that their innovative offerings and new strategies will help them compete in an increasingly competitive market. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Thorne Healthtech. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Thorne Healthtech. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Thorne Healthtech. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Thorne Healthtech are shown below. More…
Income Statement Ratios
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Analysis – Thorne Healthtech Stock Fair Value Calculation
At GoodWhale, we have conducted an in-depth analysis of THORNE HEALTHTECH‘s fundamentals. Our proprietary Valuation Line indicates that the fair value of THORNE HEALTHTECH share is around $6.2. Currently, the stock is traded at $5.8, representing a fair price which is 6.9% undervalued. This suggests that investors may be able to capitalize on this mispricing and reap potential returns from investing in THORNE HEALTHTECH currently. More…
Risk Rating Analysis
Star Chart Analysis
The health technology industry is a highly competitive market. Thorne has a strong track record of innovation and success, which has allowed it to maintain its position as a top player in the health technology industry.
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THORNE HEALTHTECH recently reported their financial results for the second quarter of FY2023, showing strong growth in revenue and net income. Total revenue reported was USD 72.7 million, a 29.7% increase year-over-year, and net income of USD 4.4 million, a 179.6% increase from the same period in the previous year. While the financial results are encouraging, the stock price moved down the same day, likely due to investor concerns in the current market. As such, it is important for investors to take a closer look at THORNE HEALTHTECH and assess their potential risk/reward before investing.