2seventy bio Full Year 2022 Earnings: Beats Expectations

2seventy bio (NASDAQ:TSVT) Full Year 2022 Results

Key Financial Results

• Revenue: US$91.5m (up 68% from FY 2021).
• Net loss: US$254.2m (loss narrowed by 13% from FY 2021).
• US$7.13 loss per share (improved from US$12.44 loss in FY 2021).

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

2seventy bio Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 84%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with 2seventy bio (including 2 which are a bit concerning).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.