Brii Biosciences Full Year 2023 Earnings: Beats Expectations

Brii Biosciences (HKG:2137) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥416.7m (up 241% from FY 2022).
• Net loss: CN¥174.8m (loss narrowed by 64% from FY 2022).
• CN¥0.24 loss per share (improved from CN¥0.67 loss in FY 2022).

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

Brii Biosciences Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 76%.

Looking ahead, revenue is forecast to grow 63% 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 down 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Brii Biosciences that you should be aware of.

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