Calyxt Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Calyxt (NASDAQ:CLXT) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$42.0k (down 100% from 3Q 2021).
• Net loss: US$5.95m (loss narrowed by 19% from 3Q 2021).
• US$0.13 loss per share (improved from US$0.20 loss in 3Q 2021).

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

Calyxt EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 88%. Earnings per share (EPS) exceeded analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 15% 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

You should always think about risks. Case in point, we've spotted 6 warning signs for Calyxt you should be aware of, and 2 of them can't be ignored.

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