Kiniksa Pharmaceuticals First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Kiniksa Pharmaceuticals (NASDAQ:KNSA) First Quarter 2024 Results

Key Financial Results

• Revenue: US$79.9m (up 65% from 1Q 2023).
• Net loss: US$17.7m (loss widened by 44% from 1Q 2023).
• US$0.25 loss per share (further deteriorated from US$0.18 loss in 1Q 2023).

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

Kiniksa Pharmaceuticals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Kiniksa Pharmaceuticals that you should be aware of before investing here.

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