Yahoo Finance Fate Therapeutics Full Year 2022 Earnings: Beats Expectations
Fate Therapeutics (NASDAQ:FATE) Full Year 2022 Results
Key Financial Results
Revenue: US$96.3m (up 72% from FY 2021).
Net loss: US$281.7m (loss widened by 33% from FY 2021).
US$2.91 loss per share (further deteriorated from US$2.24 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fate Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 39%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%.
Looking ahead, revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 15%.
Performance of the American Biotechs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Fate Therapeutics (1 makes us a bit uncomfortable!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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