FibroGen Third Quarter 2024 Earnings: Beats Expectations

FibroGen (NASDAQ:FGEN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$46.3m (up 15% from 3Q 2023).
• Net loss: US$17.1m (loss narrowed by 73% from 3Q 2023).
• US$0.17 loss per share (improved from US$0.65 loss in 3Q 2023).

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

FibroGen Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 22%.

Performance of the American Biotechs industry.

The company's shares are up 18% from a week ago.

Risk Analysis

It is worth noting though that we have found 6 warning signs for FibroGen (2 don't sit too well with us!) that you need to take into consideration.

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