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Opthea First Half 2023 Earnings: US$0.17 loss per share (vs US$0.11 loss in 1H 2022)

Opthea (ASX:OPT) First Half 2023 Results

Key Financial Results

  • Net loss: US$77.1m (loss widened by 104% from 1H 2022).

  • US$0.17 loss per share (further deteriorated from US$0.11 loss in 1H 2022).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Opthea Earnings Insights

Looking ahead, revenue is forecast to grow 75% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Biotechs industry in Australia.

Performance of the Australian Biotechs industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Opthea (1 shouldn't be ignored!) that you need to be mindful of.

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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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