Crinetics Pharmaceuticals Full Year 2023 Earnings: Misses Expectations

Crinetics Pharmaceuticals (NASDAQ:CRNX) Full Year 2023 Results

Key Financial Results

• Net loss: US$214.5m (loss widened by 31% from FY 2022).
• US$3.69 loss per share (further deteriorated from US$3.15 loss in FY 2022).

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

Crinetics Pharmaceuticals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Crinetics Pharmaceuticals that you should be aware of.

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