Ionis Pharmaceuticals Full Year 2024 Earnings: Beats Expectations

Ionis Pharmaceuticals (NASDAQ:IONS) Full Year 2024 Results

Key Financial Results

• Revenue: US$705.0m (down 11% from FY 2023).
• Net loss: US$454.0m (loss widened by 24% from FY 2023).
• US$3.04 loss per share (further deteriorated from US$2.56 loss in FY 2023).

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

Ionis Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ionis Pharmaceuticals has 2 warning signs we think you should be aware of.

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