Thorne HealthTech (NASDAQ: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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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.