Crinetics Pharmaceuticals Full Year 2024 Earnings: Revenues Disappoint

Crinetics Pharmaceuticals (NASDAQ:CRNX) Full Year 2024 Results

Key Financial Results

• Net loss: US$298.4m (loss widened by 39% from FY 2023).
• US$3.69 loss per share (in line with FY 2023).

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

Crinetics Pharmaceuticals Revenues Disappoint

Revenue missed analyst estimates by 35%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Crinetics Pharmaceuticals that we have uncovered.

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