Recap: Thorne HealthTech Q1 Earnings

Thorne HealthTech THRN reported its Q1 earnings results on Thursday, May 11, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Thorne HealthTech missed estimated earnings by 25.0%, reporting an EPS of $0.06 versus an estimate of $0.08.

Revenue was up $10.57 million from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 5.91% drop in the share price the next day.

Here's a look at Thorne HealthTech's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.18	0.14	0.08	0.10
EPS Actual	0.13	0.12	-0.05	0.12
Revenue Estimate	63.91M	63.44M	57.28M	56.12M
Revenue Actual	62.96M	58.42M	56.07M	54.67M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Thorne HealthTech management provided guidance for FY 2023, expecting earnings between $0.25 and $0.31 per share.

To track all earnings releases for Thorne HealthTech visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.