Obio Technology (Shanghai) Third Quarter 2024 Earnings: CN¥0.12 loss per share (vs CN¥0.041 loss in 3Q 2023)

Obio Technology (Shanghai) (SHSE:688238) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥70.8m (up 33% from 3Q 2023).
• Net loss: CN¥76.4m (loss widened by 191% from 3Q 2023).
• CN¥0.12 loss per share (further deteriorated from CN¥0.041 loss in 3Q 2023).

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

Obio Technology (Shanghai) Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Life Sciences industry in China.

Performance of the Chinese Life Sciences industry.

The company's shares are up 10% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Obio Technology (Shanghai) you should know about.

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