Innovent Biologics Full Year 2024 Earnings: Beats Expectations

Innovent Biologics (HKG:1801) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥9.42b (up 52% from FY 2023).
• Net loss: CN¥94.6m (loss narrowed by 91% from FY 2023).
• CN¥0.058 loss per share (improved from CN¥0.66 loss in FY 2023).

1801 Products In Clinical Trials

• Phase I: 19.
• Phase II: 6.

1801 Post-Clinical Trial Products

• Pre-registration: 4.

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

Innovent Biologics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 87%.

The primary driver behind last 12 months revenue was the The People's Republic of China (PRC) segment contributing a total revenue of CN¥8.98b (95% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥4.35b (56% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥661.2m. Explore how 1801's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Biotechs industry in Hong Kong.

Performance of the Hong Kong Biotechs industry.

The company's shares are up 15% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Innovent Biologics' balance sheet health.

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