Clene Full Year 2022 Earnings: Beats Expectations

Clene (NASDAQ:CLNN) Full Year 2022 Results

Key Financial Results

• Net loss: US$29.9m (loss widened by 207% from FY 2021).
• US$0.46 loss per share (further deteriorated from US$0.16 loss in FY 2021).

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

Clene Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 39%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Clene (at least 2 which are a bit concerning), and understanding them should be part of your investment process.

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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.