Gritstone bio Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Gritstone bio (NASDAQ:GRTS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$921.0k (down 53% from 2Q 2023).
• Net loss: US$23.4m (loss narrowed by 34% from 2Q 2023).
• US$0.16 loss per share (improved from US$0.31 loss in 2Q 2023).

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

Gritstone bio EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 47%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 58% 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 shares are up 2.8% from a week ago.

Risk Analysis

Be aware that Gritstone bio is showing 7 warning signs in our investment analysis and 2 of those don't sit too well with us...

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