Cyclacel Pharmaceuticals Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Cyclacel Pharmaceuticals (NASDAQ:CYCC) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$3.26m (loss narrowed by 41% from 2Q 2023).
• US$2.47 loss per share (improved from US$6.57 loss in 2Q 2023).

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

Cyclacel Pharmaceuticals EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 73%. Earnings per share (EPS) exceeded analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

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

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Cyclacel Pharmaceuticals that you need to be mindful of.

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