Sutro Biopharma Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Sutro Biopharma (NASDAQ:STRO) Full Year 2024 Results

Key Financial Results

• Revenue: US$62.0m (down 60% from FY 2023).
• Net loss: US$227.5m (loss widened by 113% from FY 2023).
• US$2.96 loss per share (further deteriorated from US$1.78 loss in FY 2023).

STRO Products In Clinical Trials

• Phase II: 1.
• Phase III: 1.

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

Sutro Biopharma Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 2.1%.

In the last 12 months, the only revenue segment was Development of Biopharmaceutical Products contributing US$62.0m. The largest operating expense was Research & Development (R&D) costs, amounting to US$239.5m (83% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$11.0m. Explore how STRO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 46% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Sutro Biopharma (1 is a bit concerning) you should be aware of.

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