Vir Biotechnology (NASDAQ:VIR) First Quarter 2024 Results
Key Financial Results
- Revenue: US$56.4m (down 11% from 1Q 2023).
- Net loss: US$65.3m (loss narrowed by 54% from 1Q 2023).
- US$0.48 loss per share (improved from US$1.06 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vir Biotechnology Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 55%.
Looking ahead, revenue is forecast to grow 28% 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 26% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Vir Biotechnology (1 is concerning!) that you need to be mindful of.
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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.
About NasdaqGS:VIR
Vir Biotechnology
An immunology company, develops therapeutic products to treat and prevent serious infectious diseases.
Flawless balance sheet with limited growth.
