Silence Therapeutics Third Quarter 2024 Earnings: Misses Expectations

Silence Therapeutics (NASDAQ:SLN) Third Quarter 2024 Results

Key Financial Results

• Revenue: UK£1.14m (down 59% from 3Q 2023).
• Net loss: UK£27.0m (loss widened by 227% from 3Q 2023).
• UK£0.57 loss per share (further deteriorated from UK£0.22 loss in 3Q 2023).

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

Silence Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 62%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 37% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Silence Therapeutics (1 is a bit unpleasant!) that you should be aware of.

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