Adaptimmune Therapeutics Third Quarter 2024 Earnings: Beats Expectations

Adaptimmune Therapeutics (NASDAQ:ADAP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$40.9m (up 459% from 3Q 2023).
• Net loss: US$17.6m (loss narrowed by 61% from 3Q 2023).
• US$0.069 loss per share (improved from US$0.20 loss in 3Q 2023).

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

Adaptimmune Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 100%. Earnings per share (EPS) also surpassed analyst estimates by 87%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 26% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Adaptimmune Therapeutics (1 is potentially serious!) that you need to take into consideration.

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