Sangamo Therapeutics Second Quarter 2024 Earnings: Misses Expectations

Sangamo Therapeutics (NASDAQ:SGMO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$356.0k (down 95% from 2Q 2023).
• Net loss: US$36.1m (loss narrowed by 68% from 2Q 2023).
• US$0.18 loss per share (improved from US$0.66 loss in 2Q 2023).

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

Sangamo Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 96%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 54% 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 up 9.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Sangamo Therapeutics (of which 1 is a bit unpleasant!) you should know about.

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