BridgeBio Pharma Full Year 2023 Earnings: Misses Expectations

BridgeBio Pharma (NASDAQ:BBIO) Full Year 2023 Results

Key Financial Results

• Net loss: US$643.2m (loss widened by 34% from FY 2022).
• US$3.95 loss per share (further deteriorated from US$3.26 loss in FY 2022).

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

BridgeBio Pharma Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 8.6% from a week ago.

Risk Analysis

Be aware that BridgeBio Pharma is showing 4 warning signs in our investment analysis and 2 of those are significant...

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