Ensysce Biosciences Full Year 2024 Earnings: Beats Expectations

Ensysce Biosciences (NASDAQ:ENSC) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.21m (up 134% from FY 2023).
• Net loss: US$7.99m (loss narrowed by 25% from FY 2023).
• US$11.45 loss per share (improved from US$70.40 loss in FY 2023).

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

Ensysce Biosciences Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%.

Looking ahead, revenue is forecast to grow 120% p.a. on average during the next 2 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 15% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ensysce Biosciences has 4 warning signs (and 3 which are a bit concerning) we think you should know about.

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