Immatics Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

Immatics (NASDAQ:IMTX) Third Quarter 2023 Results

Key Financial Results

• Revenue: €5.93m (down 61% from 3Q 2022).
• Net loss: €26.5m (loss widened by 27% from 3Q 2022).
• €0.32 loss per share (further deteriorated from €0.32 loss in 3Q 2022).

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

Immatics EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 47%. Earnings per share (EPS) exceeded analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Immatics (1 is potentially serious!) that you should be aware of.

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