Immatics Third Quarter 2024 Earnings: Beats Expectations

Immatics (NASDAQ:IMTX) Third Quarter 2024 Results

Key Financial Results

• Revenue: €50.6m (up by €44.6m from 3Q 2023).
• Net loss: €8.57m (loss narrowed by 68% from 3Q 2023).
• €0.08 loss per share (improved from €0.32 loss in 3Q 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 significantly. Earnings per share (EPS) also surpassed analyst estimates by 69%.

Looking ahead, revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%.

Performance of the American Biotechs industry.

The company's shares are down 8.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Immatics (1 can't be ignored!) that we have uncovered.

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