Stock Analysis
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.
What are the risks and opportunities for Clene?
Clene Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics.
Rewards
Trading at 97.4% below our estimate of its fair value
Revenue is forecast to grow 57.98% per year
Risks
Has less than 1 year of cash runway
Makes less than USD$1m in revenue ($473K)
Does not have a meaningful market cap ($89M)
Shareholders have been diluted in the past year
Volatile share price over the past 3 months
Currently unprofitable and not forecast to become profitable over the next 3 years
Further research on
Clene
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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 NasdaqCM:CLNN
Clene
Clene Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics.
Slightly overvalued with limited growth.
