Immatics Second Quarter 2024 Earnings: Beats Expectations

Immatics (NASDAQ:IMTX) Second Quarter 2024 Results

Key Financial Results

• Revenue: €18.8m (down 16% from 2Q 2023).
• Net loss: €18.0m (loss narrowed by 27% from 2Q 2023).
• €0.17 loss per share (improved from €0.32 loss in 2Q 2023).

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

Immatics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 41%. Earnings per share (EPS) also surpassed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 16% 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 5.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Immatics (1 can't be ignored) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.