Dyadic International Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St

August 16, 2024

Dyadic International (NASDAQ:DYAI) Second Quarter 2024 Results

Key Financial Results

Revenue: US$385.9k (down 54% from 2Q 2023).
Net loss: US$2.05m (loss narrowed by 5.0% from 2Q 2023).
US$0.07 loss per share (improved from US$0.075 loss in 2Q 2023).

earnings-and-revenue-growth — NasdaqCM:DYAI Earnings and Revenue Growth August 16th 2024

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

Dyadic International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 45% 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 share price is broadly unchanged from a week ago.

Risk Analysis

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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.