OmniAb Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

OmniAb (NASDAQ:OABI) Full Year 2024 Results

Key Financial Results

• Revenue: US$26.4m (down 23% from FY 2023).
• Net loss: US$62.0m (loss widened by 23% from FY 2023).
• US$0.61 loss per share (further deteriorated from US$0.51 loss in FY 2023).

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

OmniAb Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 22% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for OmniAb you should know about.

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