Antengene Full Year 2023 Earnings: Misses Expectations

Antengene (HKG:6996) Full Year 2023 Results

Key Financial Results

• Net loss: CN¥581.2m (loss narrowed by 3.4% from FY 2022).
• CN¥0.94 loss per share (improved from CN¥0.97 loss in FY 2022).

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

Antengene Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 73%. Earnings per share (EPS) also missed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Hong Kong.

Performance of the Hong Kong Pharmaceuticals industry.

The company's shares are down 6.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Antengene you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.