Fate Therapeutics Third Quarter 2024 Earnings: Beats Expectations

Fate Therapeutics (NASDAQ:FATE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.07m (up 58% from 3Q 2023).
• Net loss: US$47.7m (loss widened by 5.6% from 3Q 2023).
• US$0.41 loss per share.

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

Fate Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 113%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 22% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Fate Therapeutics (1 makes us a bit uncomfortable!) that you need to take into consideration.

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