Gain Therapeutics Full Year 2023 Earnings: Misses Expectations

Gain Therapeutics (NASDAQ:GANX) Full Year 2023 Results

Key Financial Results

• Net loss: US$22.3m (loss widened by 27% from FY 2022).
• US$1.71 loss per share (further deteriorated from US$1.48 loss in FY 2022).

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

Gain Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 82%. Earnings per share (EPS) also missed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 12% from a week ago.

Risk Analysis

It is worth noting though that we have found 7 warning signs for Gain Therapeutics (3 don't sit too well with us!) that you need to take into consideration.

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