LumiraDx (NASDAQ:LMDX) reported its Q1 earnings results on Tuesday, May 16, 2023 at 07:45 AM.
Here’s what investors need to know about the announcement.
Earnings
LumiraDx beat estimated earnings by 7.14%, reporting an EPS of $-0.13 versus an estimate of $-0.14.
Revenue was down $104.24 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 10.47% drop in the share price the next day.
Here’s a look at LumiraDx’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.20 | -0.26 | -0.26 | -0.06 |
| EPS Actual | -0.12 | -0.21 | -0.31 | -0.13 |
| Revenue Estimate | 41.75M | 37.39M | 53.09M | 113.13M |
| Revenue Actual | 41.12M | 42.22M | 44.73M | 126.41M |
To track all earnings releases for LumiraDx visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
