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NASDAQ:SPRB

Spruce Biosciences Q3 2024 Earnings Results & Report

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$46.20 -0.47 (-1.01%)
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Spruce Biosciences beat analyst earnings expectations but missed on revenue in its Q3 2024 results, released November 11, 2024. The company reported EPS of -$15.75 versus the -$20.25 consensus estimate, while revenue of $600 thousand fell short of the $1.80 million estimate by $1.20 million.

Earnings Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
Conference Call
7:00 AM ET

Spruce Biosciences EPS Results

Actual EPS
-$15.75
Consensus EPS
-$20.25
Beat/Miss
Beat by +$4.50
One Year Ago EPS
N/A
EPS Beat Rate
3 of last 8 quarters

Spruce Biosciences Revenue Results

Actual Revenue
$600 thousand
Expected Revenue
$1.80 million
Beat/Miss
Missed by -$1.20 million
YoY Revenue Growth
N/A

Spruce Biosciences Q3 2024 Earnings FAQ

Spruce Biosciences (NASDAQ:SPRB) reported earnings of -$15.75 per share for Q3 2024, beating the consensus estimate of -$20.25. The report was announced on Monday, November 11, 2024.

Spruce Biosciences reported revenue of $600 thousand for Q3 2024, against a consensus estimate of $1.80 million.

Spruce Biosciences Earnings Headlines

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About Spruce Biosciences

Spruce Biosciences (NASDAQ:SPRB) is a clinical-stage biopharmaceutical company focused on developing medicines for rare endocrine disorders. The company’s research is centered on conditions in which abnormal hormone production or regulation creates significant health risks and limited treatment options.

Its lead investigational product is tildacerfont, an oral, selective corticotropin-releasing factor type 1 receptor antagonist. Spruce has studied tildacerfont as a potential treatment for congenital adrenal hyperplasia, a rare genetic disorder affecting the adrenal glands, and has evaluated its ability to reduce hormone imbalances associated with the disease. Tildacerfont is investigational and has not been approved for commercial use.

Spruce Biosciences was founded in 2014 and is headquartered in San Francisco, California. The company’s development activities have included clinical research conducted in the United States and other regions. As a development-stage biotechnology company, Spruce has focused primarily on advancing its endocrine-disease pipeline rather than marketing an established portfolio of commercial products.

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