Healthcare Sector  

Data by Industry within Healthcare Sector

  Marketcap Revenues (TTM) Net Income (TTM) Employees
Industry (Millions) (Millions) (Millions) Number
Biotechnology & Pharmaceuticals Industry $ 524,829 $ 92,992 $ 11,790 77,264
Healthcare Facilities Industry $ 233,601 $ 208,817 $ 4,840 1,096,859
Major Pharmaceutical Preparations Industry $ 3,745,831 $ 789,161 $ 75,263 1,237,282
Medical Equipment & Supplies Industry $ 1,175,994 $ 294,038 $ 6,080 760,927
Medical Laboratories Industry $ 232,368 $ 98,246 $ 516 417,662
Laboratory Analytical Instruments Industry $ 137,900 $ 30,697 $ 1,391 65,904
In Vitro & In Vivo Diagnostic Substances Industry $ 90,173 $ 9,972 $ 491 19,244
Healthcare Sector $ 6,140,697 $ 1,523,923 $ 100,371 3,675,142
  Recent News from Healthcare Sector
Renovaro Biosciences Inc

Headline: Renovaro Biosciences Inc Continues to Report Zero Revenue, Reflecting Limited Growth in Q2 Fiscal Year 2023 Pharmaceutical preparations company experiences no change in revenue compared to previous year, raises concerns over lack of expansion prospects.

Renovaro Biosciences Inc, a major pharmaceutical preparations company, has released its financial report for the fiscal period ending June 30, 2023. During this period, the company experienced zero gain per share, an improvement compared to the same period a year ago when it reported a gain of $0.33 per share. It also represents an increase from the preceding financial reporting period when the company reported a loss of $0.08 per share.
In terms of revenue, Renovaro Biosciences Inc did not experience any change compared to the corresponding financial reporting period a year ago. The revenue remained at $0.00 million, and there was no sequential change either. This stability in revenue could be an area of concern for the company, as it suggests a lack of growth or expansion in its operations.

Sunlink Health Systems Inc

Sunlink Health Systems Inc Recognizes Devastating $0.35 Million Charge Amidst Healthcare Industry Tumult

The healthcare industry is facing an uphill battle, and Sunlink Health Systems Inc is no exception. The company recently disclosed its fiscal period ending June 30, 2023, and the results were nothing short of disastrous. Revenue plummeted by an alarming 79.777% to a mere $11.45 million, a significant decline compared to the previous year's financial reporting period. Additionally, the company reported a shortfall per share of $-0.20, indicating a drastic deterioration from the comparable period a year before.
At a time when the average healthcare facilities sector experienced a growth in revenue in the fourth quarter of 2023, Sunlink Health Systems Inc was unable to keep up. While their reported shortfall per share improved slightly from -$0.11, it still remained a cause for concern. Revenue saw a decline of 0.702% compared to the preceding financial reporting period, further highlighting the company's struggles.

Fonar Corporation

Fonar Corporation Faces Steep Decline in Fourth Quarter, Sinking into Negative Territory

In the recent fiscal period, Fonar Corporation, a prominent player in the Medical Equipment and Supplies sector, reported disappointing financial results. However, despite the challenges faced, there are reasons to be cautiously optimistic about the company's future performance. This article will provide an in-depth analysis of Fonar Corporation's financials and evaluate its potential for recovery.
Financial Performance
Fonar Corporation experienced a significant drop in its earnings per share (EPS) from $0.23 to -$1.16 compared to the same period last year. Meanwhile, its revenue showed moderate growth, with a 3.885% increase to $25.78 million. This growth, however, falls short of the 4.79% expected by the Medical Equipment and Supplies sector as a whole.

Opthea Limited

Opthea Limited: Biotech & Pharmaceuticals Sector Experiences Doubling of Revenue in Q4 2023, Amidst Overall Financial Struggles

Opthea Limited, a leading player in the biotechnology and pharmaceutical industry, has encountered significant setbacks in its financial performance during the fourth quarter of 2023. With a net loss per share of $-0.32, compared to $-14.15 in the previous year, and a declining year-to-date performance of -63.29%, the company's prospects appear bearish. This article delves into the financial struggles of Opthea Limited, highlighting its declining revenue and increased net shortfall, as well as the negative market sentiment surrounding its shares.
Revenue Growth and Operative Earnings:
Although Opthea Limited witnessed a strong revenue growth of 57.996%, generating $0.11 million in the fourth quarter of 2023 compared to $0.07 million in the same quarter the previous year, this positive aspect does not overshadow the overall financial challenges the company faces. The revenue influx was not sufficient to mitigate the increased net shortfall, which reached $-142.521 million for the fourth quarter of 2023, exceeding the $-45.344 million shortfall of the previous year.

Immuron Limited

Immuron Limited reports decreased revenue and widened net loss in Q4 2023

In the financial fourth quarter of 2023, Immuron Limited, a major pharmaceutical preparations company, reported its financial results, which revealed a decrease in revenue and widened net loss. These figures mark a notable change compared to the corresponding financial reporting period from the previous year. This article aims to examine the context behind Immuron Limited's financial results, including its stock performance and implications for investors.
Financial Results:
Immuron Limited disclosed a revenue of $1.480365 million in the financial fourth quarter of 2023 after experiencing a net loss of $-3.787 million. These figures signify a departure from balanced books in the corresponding period a year earlier. Additionally, in the financial year 2023, the company announced a loss of $-3.79 million alongside a revenue of $1.48 million. In comparison to the prior financial year, the net loss per share has widened from $-1.25 to $-1.66, indicating a financial decline. However, it is important to note that the net loss remained unchanged from $0.00 million a year earlier.

Procyon Corporation

Observing the fourth quarter of 2023 numbers, Procyon Corporation reveals concerning revenue decline

Procyon Corporation recently released their financial results for the fourth quarter of the 2023 earnings season. While the company reported unaltered earnings per share (EPS), a decline in revenue and other key indicators raises concerns about the company's future performance. This article aims to interpret the financial results and discuss their potential impact on Procyon Corporation going forward.
1. Earnings per Share (EPS) and Revenue Performance:
Procyon Corporation maintained an EPS of $0.00 in the fourth quarter, suggesting stability in their profitability. However, the company experienced a modest revenue decline of -0.589% year-on-year, amounting to $1.20 million. This decline sets Procyon apart from the rest of the Major Pharmaceutical Preparations industry, which recorded a revenue improvement during the same period.

Astrotech Corp

Astrotech Corp Shines Amidst Industry Challenges with Impressive 1625% Revenue Growth in 2023

The stock market is a dynamic and ever-changing landscape that often presents investors with an array of opportunities. One company that has recently caught the attention of many investors is Astrotech Corp. In the fourth quarter of the earnings season for 2023, the company reported a staggering 1625% year-on-year revenue advance, reaching $0.41 million. This is an impressive achievement that showcases the company's robust growth.
However, it is important to note that Astrotech Corp also reported losses widening at $-1.44 million during the same period. While this might raise concerns for some investors, it is essential to look at the bigger picture. Astrotech Corp operates in the laboratory analytical instruments sector, which is currently facing headwinds due to receding orders and fading revenue. Against this backdrop, Astrotech Corp's performance stands out as a bright spot in a challenging industry.

Innovation Pharmaceuticals Inc

Revitalizing Growth: Innovation Pharmaceuticals Inc's Revenue Stagnant, But Positive Signs Emerge

Innovation Pharmaceuticals Inc, a pharmaceutical company, recently announced its financial results for the fiscal year ending June 30, 2023. During this period, the company achieved a break-even point of $0.00 per share, which was the same as the previous year and the previous quarter.
However, the company did not generate any revenue during this quarter, remaining at $0.00 million, the same as the previous year and quarter. This indicates that there was no growth in the company's revenue during this period.
Additionally, Innovation Pharmaceuticals Inc reported a net shortfall of $-0.681 million for the fiscal year ending June 30, 2023. This is a significant improvement compared to the deficit of $-1.626 million reported in the same quarter a year ago. Although still in a shortfall, the company has managed to reduce its losses, which may indicate positive efforts in managing their expenses.

Precision Optics Corporation Inc

Precision Optics Corporation Inc Announces a Remarkable Financial Turnaround, Amidst Challenging Market Conditions, in Q4 2023 Financial Report

Precision Optics Corporation Inc (POCI) has experienced a slight increase in its stock value over the past week, rising by 0.66%. Additionally, its stock currently trades 6.5% above its 52-week low. These figures indicate positive performance for the company in the stock market.
Examining POCI's financial report for the fourth quarter of 2023, it is evident that the company faced a net loss per share of $-0.11. This represents a decline from the $0.08 per share profit reported in the previous year. However, despite the loss, POCI saw a 4.811% increase in revenue, reaching $5.02 million compared to the corresponding reporting period the previous year.

Palatin Technologies Inc

Palatin Technologies Inc Defies the Odds with Explosive Revenue Growth in Q4 2023, While Major Pharmaceutical Preparations Companies Struggle to Turn Profitable

Financial News Report:
Palatin Technologies Inc Reports Strong Revenue Growth in Q4 2023, Despite Stock Deficit
Palatin Technologies Inc (PTN) has announced a substantial revenue advancement of 109.038% year on year to $1.76 million in the fourth quarter of 2023. However, the company posted a deficit per stock at $-0.98. Despite the stock deficit, PTN's revenue experienced significant growth compared to its peers in the Major Pharmaceutical Preparations industry. Most corporations in this industry saw an average revenue advance of 3.04% during the same period.
In comparison to the preceding reporting period, PTN's revenue surged by 47.359% from $1.20 million and the deficit improved from $0.00 per share. This strong revenue growth indicates a positive trend for Palatin Technologies Inc.


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