Poseida Therapeutics Second Quarter 2024 Earnings: Beats Expectations

Poseida Therapeutics (NASDAQ:PSTX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$26.0m (up 30% from 2Q 2023).
• Net loss: US$31.4m (loss widened by 14% from 2Q 2023).
• US$0.32 loss per share (further deteriorated from US$0.32 loss in 2Q 2023).

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

Poseida Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 68%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 23% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Poseida Therapeutics (1 is concerning!) that you need to take into consideration.

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