Avacta Group First Half 2023 Earnings: UK£0.043 loss per share (vs UK£0.036 loss in 1H 2022)

Avacta Group (LON:AVCT) First Half 2023 Results

Key Financial Results

• Revenue: UK£11.9m (up 116% from 1H 2022).
• Net loss: UK£11.5m (loss widened by 28% from 1H 2022).
• UK£0.043 loss per share (further deteriorated from UK£0.036 loss in 1H 2022).

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

Avacta Group Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the United Kingdom.

Performance of the British Biotechs industry.

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

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Avacta Group (of which 2 don't sit too well with us!) you should know about.

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