CASI Pharmaceuticals Reports Substantial FY GAAP EPS Loss and Revenue Drop in Latest Update

Thursday, 28 March 2024, 11:22

CASI Pharmaceuticals recently announced their financial results for the fiscal year, reporting a GAAP EPS of -$2.02 and a revenue of $33.88M, marking a significant 21.4% year-over-year decrease. The figures reflect the challenges faced by the company in the past year, raising concerns about its financial performance.
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CASI Pharmaceuticals Reports Substantial FY GAAP EPS Loss and Revenue Drop in Latest Update

CASI Pharmaceuticals Financial Results

In their recent press release, CASI Pharmaceuticals revealed their financial performance for the fiscal year.

Highlights:

  • GAAP EPS: CASI Pharmaceuticals reported a substantial loss of $2.02 per share.
  • Revenue: The company's revenue stood at $33.88M, marking a 21.4% year-over-year decrease.

The figures indicate a challenging year for CASI Pharmaceuticals, with a significant decline in both earnings per share and revenue, reflecting potential issues within the company.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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