The EPS of BCLI remained flat throughout 2024 due to a combination of factors:
- Revenue Growth: The company's total revenue grew by 3.5% in 20241, which could have potentially increased the net income, but it was not enough to significantly impact the EPS.
- Net Income Growth: The net income of BCLI increased by 0.32% in 20241. This small increase in net income, when compared to the total revenue growth, could explain why the EPS remained relatively flat.
- Net Margin: The net margin of BCLI decreased slightly in 20241. A lower net margin means that the company has to work harder to achieve the same level of earnings, which could also contribute to a flat EPS.
- Strategic Investments: The company has been actively exploring non-dilutive funding options and is in discussions with potential commercial manufacturing partners2. These strategic investments could be impacting the net income and EPS, but the information does not specify the direction of these impacts.
In conclusion, the slight increase in revenue and net income, along with the decrease in net margin and strategic investments, could have collectively resulted in a flat EPS for BCLI in 2024.