Sunshine Biopharma Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Sunshine Biopharma (NASDAQ:SBFM) Full Year 2023 Results

Key Financial Results

• Revenue: US$24.1m (up 454% from FY 2022).
• Net loss: US$4.51m (loss narrowed by 83% from FY 2022).
• US$0.18 loss per share (improved from US$1.76 loss in FY 2022).

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

Sunshine Biopharma Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 68% p.a. on average during the next 2 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 up 85% from a week ago.

Risk Analysis

Be aware that Sunshine Biopharma is showing 3 warning signs in our investment analysis that you should know about...

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