Adaptive Biotechnologies Third Quarter 2024 Earnings: Beats Expectations

Adaptive Biotechnologies (NASDAQ:ADPT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$46.4m (up 23% from 3Q 2023).
• Net loss: US$32.1m (loss narrowed by 36% from 3Q 2023).
• US$0.22 loss per share (improved from US$0.35 loss in 3Q 2023).

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

Adaptive Biotechnologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are up 23% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Adaptive Biotechnologies that you should be aware of.

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