HCW Biologics Second Quarter 2024 Earnings: US$0.40 loss per share (vs US$0.12 loss in 2Q 2023)

HCW Biologics (NASDAQ:HCWB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$618.9k (flat on 2Q 2023).
• Net loss: US$15.3m (loss widened by 255% from 2Q 2023).
• US$0.40 loss per share (further deteriorated from US$0.12 loss in 2Q 2023).

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

HCW Biologics Earnings Insights

Looking ahead, revenue is forecast to grow 78% 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 down 17% from a week ago.

Risk Analysis

You still need to take note of risks, for example - HCW Biologics has 8 warning signs (and 3 which are concerning) we think you should know about.

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