Societal CDMO, Inc. (SCTL) Misses Q3 EPS by 3c, provides guidance

Societal CDMO, Inc. (NASDAQ: SCTL) reported Q3 EPS of ($0.05), $0.03 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $23.6 million versus the consensus estimate of $24.26 million.

2023 Guidance

The company is resetting revenue guidance for the full year 2023 to account for the discontinuation of certain programs and services, to between $92 million - $94 million, versus the consensus of $94.458 million, with expected net loss of $12.1 million - $13.6 million.

The company is resetting EBITDA, as adjusted* guidance for the full year to between $11.5 million - $13 million.

For earnings history and earnings-related data on Societal CDMO, Inc. (SCTL) click here.

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