LumiraDx: Q1 Earnings Insights

LumiraDx 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.

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.

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.