Onconova Therapeutics Full Year 2023 Earnings: Beats Expectations

Onconova Therapeutics (NASDAQ:ONTX) Full Year 2023 Results

Key Financial Results

• Net loss: US$18.9m (flat on FY 2022).
• US$0.90 loss per share (improved from US$0.91 loss in FY 2022).

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

Onconova Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Onconova Therapeutics you should be aware of, and 2 of them are potentially serious.

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