Oncopeptides Full Year 2023 Earnings: Misses Expectations

Oncopeptides (STO:ONCO) Full Year 2023 Results

Key Financial Results

• Revenue: kr35.2m (up 322% from FY 2022).
• Net loss: kr249.1m (loss narrowed by 26% from FY 2022).
• kr2.76 loss per share (improved from kr4.11 loss in FY 2022).

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

Oncopeptides Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 7.3%.

Looking ahead, revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in Sweden.

Performance of the Swedish Biotechs industry.

The company's shares are down 37% from a week ago.

Risk Analysis

Be aware that Oncopeptides is showing 5 warning signs in our investment analysis and 1 of those is a bit concerning...

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