Arecor Therapeutics First Half 2023 Earnings: UK£0.15 loss per share (vs UK£0.16 loss in 1H 2022)

Arecor Therapeutics (LON:AREC) First Half 2023 Results

Key Financial Results

• Revenue: UK£1.67m (up 141% from 1H 2022).
• Net loss: UK£4.53m (loss widened by 3.7% from 1H 2022).
• UK£0.15 loss per share.

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

Arecor Therapeutics Earnings Insights

Looking ahead, revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Biotechs industry in the United Kingdom.

Performance of the British Biotechs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Arecor Therapeutics, and understanding them should be part of your investment process.

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