How did SCLX's Q3 earnings compare to previous quarters?

Scilex Holding's Q3 2024 earnings are expected to show a decline compared to the previous quarter, according to analysts' estimates. Here's a detailed comparison:

1. **Estimate Decrease**: The estimated earnings per share (EPS) for Q3 2024 is ($0.30), which is lower than the previous quarter's estimate of ($0.25). This indicates a decline in profitability.
2. **Consensus Estimate**: The consensus estimate for Scilex's current full-year earnings is ($0.74) per share. This suggests that the company's earnings are expected to be higher than Q3's estimated ($0.30), but it's important to note that this is a full-year estimate and not specific to Q3.
3. **Historical Performance**: Scilex's historical financials show that the company has been improving its sales and reducing its net loss over time. For example, compared to the third quarter of the previous year, Scilex reported an increase in sales and a significant reduction in net loss. This trend suggests that while Q3 2024 may show a decline, it is important to consider the overall trajectory of the company's performance.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SCLX|SCLX.O|Scilex Holding|2024 Q3|87.64952573953671|-4388000|186|
|SCLX|SCLX.O|Scilex Holding|2024 Q4|69.81308411214954|-6460000|186|

In summary, while Scilex's Q3 2024 earnings are expected to be lower than the previous quarter, it's important to consider the broader context of the company's financial performance and future outlook.