Shares of Tempus AI have dropped more than 13% in early trading due to a disappointing earnings report for Q4 and the full fiscal year 2024. Although the company showcased impressive revenue growth of nearly 39% with Q4 revenues reaching $200.7 million, this fell short of Wall Street's $203 million forecast. The company also noted a narrower net loss but again missed adjusted earnings per share expectations. Looking ahead, Tempus predicts a revenue surge for 2025, indicating a substantial investment in growth despite short-term setbacks.
Despite strong revenue growth of almost 39% and narrowing losses, Tempus AI's stock dropped over 13% due to missing analyst expectations on earnings.
Tempus AI reported fourth-quarter revenues of $200.7 million, up 35.8% from last year, but fell short of Wall Street's forecast of $203 million.
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