Cutia Therapeutics Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Cutia Therapeutics (HKG:2487) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥137.6m (up by CN¥126.3m from FY 2022).
• Net loss: CN¥1.96b (loss widened by 253% from FY 2022).
• CN¥9.60 loss per share (further deteriorated from CN¥6.94 loss in FY 2022).

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

Cutia Therapeutics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Biotechs industry in Hong Kong.

Performance of the Hong Kong Biotechs industry.

The company's shares are down 5.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Cutia Therapeutics that you should be aware of.

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