CG Oncology Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

CG Oncology (NASDAQ:CGON) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$20.4m (loss widened by 17% from 3Q 2023).
• US$0.30 loss per share.

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

CG Oncology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 79%. Earnings per share (EPS) exceeded analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 9.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for CG Oncology (of which 1 is a bit concerning!) you should know about.

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