OPKO Health(OPK)

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OPK Stock Gains Following Q3 Earnings Beat, Gross Margin Contracts
ZACKS· 2024-11-08 18:15
OPKO Health, Inc. (OPK) delivered an earnings per share (EPS) of 3 cents in the third quarter of 2024 against the year-ago period’s loss of 11 cents per share and the Zacks Consensus Estimate of a loss of 10 cents per share.OPK’s Revenues in DetailOPKO Health registered revenues of $173.6 million in the third quarter, down 2.8% year over year. The figure missed the Zacks Consensus Estimate by 4.3%.Lower revenues from products and services dragged the overall top line.Shares of this company gained nearly 4.1 ...
Here's What Key Metrics Tell Us About OPKO Health (OPK) Q3 Earnings
ZACKS· 2024-11-08 02:00
For the quarter ended September 2024, OPKO Health (OPK) reported revenue of $173.6 million, down 2.8% over the same period last year. EPS came in at $0.03, compared to -$0.11 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $181.32 million, representing a surprise of -4.26%. The company delivered an EPS surprise of +130.00%, with the consensus EPS estimate being -$0.10.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...
OPKO Health, Inc. (OPK) Q3 2024 Earnings Conference Call Transcript
Seeking Alpha· 2024-11-08 01:30
OPKO Health, Inc. (NASDAQ:OPK) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Yvonne Briggs - Alliance Advisor, IR Phillip Frost - Chairman and CEO Elias Zerhouni - Vice Chairman, President Adam Logal - CFO Conference Call Participants Maury Raycroft - Jefferies Yi Chen - H.C. Wainwright Edward Tenthoff - Piper Sandler Michael Petusky - Barrington Research Operator Good day, and welcome to the OPKO Health Third Quarter of 2024 Financial Results Conference Call. All partici ...
OPKO Health (OPK) Q3 Earnings Surpass Estimates
ZACKS· 2024-11-08 00:41
OPKO Health (OPK) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 130%. A quarter ago, it was expected that this holding company with investments in pharmaceutical and diagnostics companies would post a loss of $0.09 per share when it actually produced a loss of $0.01, deliverin ...
OPK Gets Additional BARDA Funding to Develop Multispecific Antibodies
ZACKS· 2024-10-11 14:20
OPKO Health, Inc.'s (OPK) company, ModeX Therapeutics Inc., was awarded $35 million of additional funding under an existing contract with the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response at the U.S. Department of Health and Human Services on Monday. The funding brings the total support awarded to ModeX to $110 million out of $205 million if all options are executed. The funding is expected to support the development of a s ...
ModeX Therapeutics Secures $35 Million BARDA Supplement to Develop COVID Multispecific Antibodies and $16 Million to Initiate Influenza Program
GlobeNewswire News Room· 2024-10-07 12:00
Brings total awards from BARDA to $110 million for development of broad SARS-CoV-2 and Influenza multispecifics, with potential funding of up to $205 million if all options are executed Development work is based on ModeX proprietary MSTAR technology that incorporates multiple antibody binding sites into a single molecule WESTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ModeX Therapeutics Inc., an OPKO Health, Inc. (NASDAQ: OPK) company, announces it has been awarded $35 million of additional funding under a ...
Here's Why You Should Retain OPKO Health Stock in Your Portfolio
ZACKS· 2024-10-02 16:56
OPKO Health, Inc. (OPK) is well-poised for growth in the coming quarters, courtesy of its potential in RAYALDEE. The optimism surrounding the stock is backed by RAYALDEE's performance and strategic partnerships. However, stiff competition and overdependence on RAYALDEE are concerns. Shares of this Zacks Rank #3 (Hold) company have lost 1.3% year to date against the industry's 9.8% growth. The S&P 500 has gained 21% in the said time frame. This renowned multinational biopharmaceutical and diagnostics company ...
OPKO Health (OPK) Q2 Earnings Top Estimates, Gross Margin Down
ZACKS· 2024-08-08 17:17
OPKO Health, Inc. (OPK) delivered a loss per share of a penny in the second quarter of 2024, narrower than the year-ago period's loss of 3 cents per share and the Zacks Consensus Estimate of a loss of 9 cents per share. Revenues in Detail OPKO Health registered revenues of $182.2 million in the second quarter, down 31.3% year over year. The figure, however, missed the Zacks Consensus Estimate by 1.7%. Lower revenues from products and transfer of intellectual property and other dragged the overall top line. ...
OPKO Health (OPK) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-08 01:01
OPKO Health (OPK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 88.89%. A quarter ago, it was expected that this holding company with investments in pharmaceutical and diagnostics companies would post a loss of $0.09 per share when it actually produced a loss of $0.12, delivering a surpris ...
OPKO Health(OPK) - 2024 Q2 - Earnings Call Transcript
2024-08-08 00:44
OPKO Health, Inc. (NASDAQ:OPK) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Yvonne Briggs – LHA Investor Relations Phillip Frost – Chairman and Chief Executive Officer Elias Zerhouni – Vice Chairman and President Adam Logal – Chief Financial Officer Conference Call Participants Maury Raycroft – Jefferies Yale Jen – Laidlaw and Company Michael Petusky – Barrington Research Operator Good day, and welcome to the OPKO Health Second Quarter 2024 Financial Results Conference Cal ...