Yahoo Finance Gritstone bio Full Year 2023 Earnings: Beats Expectations
Gritstone bio (NASDAQ:GRTS) Full Year 2023 Results
Key Financial Results
Revenue: US$16.3m (down 18% from FY 2022).
Net loss: US$138.5m (loss widened by 16% from FY 2022).
US$1.20 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gritstone bio Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 54%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%.
Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 23% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Gritstone bio (at least 3 which are concerning), and understanding them should be part of your investment process.
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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.
