Prenetics Global Full Year 2022 Earnings: Misses Expectations

Simply Wall St

March 16, 2023

Prenetics Global (NASDAQ:PRE) Full Year 2022 Results

Key Financial Results

Revenue: US$275.8m (flat on FY 2021).
Net loss: US$190.5m (loss widened by 9.5% from FY 2021).
US$2.51 loss per share.

earnings-and-revenue-growth — NasdaqGM:PRE Earnings and Revenue Growth March 16th 2023

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

Prenetics Global Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 8.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Prenetics Global that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.