IDEAYA Biosciences (NASDAQ:IDYA) Third Quarter 2022 ResultsKey Financial Results
- Revenue: US$29.7m (up 231% from 3Q 2021).
- Net income: US$1.62m (up from US$11.6m loss in 3Q 2021).
- Profit margin: 5.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.
- EPS: US$0.04 (up from US$0.31 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IDEAYA Biosciences Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.
The company's share price is broadly unchanged from a week ago.
Risk AnalysisIt's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with IDEAYA Biosciences (at least 2 which are a bit concerning), and understanding them should be part of your investment process.
What are the risks and opportunities for IDEAYA Biosciences?
Revenue is forecast to grow 44.16% per year
Shareholders have been diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
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IDEAYA Biosciences, Inc., a synthetic lethality-focused precision medicine oncology company, focuses on the discovery and development of targeted therapeutics for patient populations selected using molecular diagnostics.
Flawless balance sheet with limited growth.