Metagenomi Third Quarter 2024 Earnings: US$0.51 loss per share (vs US$3.33 loss in 3Q 2023)

Metagenomi (NASDAQ:MGX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$11.5m (down 6.9% from 3Q 2023).
• Net loss: US$18.8m (loss narrowed by 5.3% from 3Q 2023).
• US$0.51 loss per share (improved from US$3.33 loss in 3Q 2023).

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

Metagenomi Earnings Insights

Looking ahead, revenue is expected to decline by 29% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 22%.

Performance of the American Biotechs industry.

The company's shares are down 7.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Metagenomi (of which 1 is a bit unpleasant!) you should know about.

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