BioArctic Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

BioArctic (STO:BIOA B) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr76.6m (down 63% from 3Q 2023).
• Net loss: kr19.6m (down by 116% from kr125.0m profit in 3Q 2023).
• kr0.22 loss per share (down from kr1.42 profit in 3Q 2023).

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

BioArctic EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in Sweden.

Performance of the Swedish Biotechs industry.

The company's shares are up 28% from a week ago.

Risk Analysis

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

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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.