RemeGen Third Quarter 2024 Earnings: CN¥0.54 loss per share (vs CN¥0.61 loss in 3Q 2023)

RemeGen (HKG:9995) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥467.1m (up 35% from 3Q 2023).
• Net loss: CN¥291.0m (loss narrowed by 11% from 3Q 2023).
• CN¥0.54 loss per share (improved from CN¥0.61 loss in 3Q 2023).

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

RemeGen Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Biotechs industry in Hong Kong.

Performance of the Hong Kong Biotechs industry.

The company's shares are up 17% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with RemeGen, and understanding these should be part of your investment process.

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