C4 Therapeutics (NASDAQ:CCCC) Full Year 2024 Results
Key Financial Results
- Revenue: US$35.6m (up 71% from FY 2023).
- Net loss: US$105.3m (loss narrowed by 21% from FY 2023).
- US$1.52 loss per share (improved from US$2.67 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
C4 Therapeutics EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%.
Looking ahead, revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 13% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for C4 Therapeutics 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.
About NasdaqGS:CCCC
C4 Therapeutics
A clinical-stage biopharmaceutical company, develops novel therapeutic candidates to degrade disease-causing proteins for the treatment of cancer, neurodegenerative conditions, and other diseases.
Flawless balance sheet low.
