Viridian Therapeutics Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Viridian Therapeutics (NASDAQ:VRDN) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$76.7m (loss widened by 61% from 3Q 2023).
• US$1.16 loss per share (further deteriorated from US$1.09 loss in 3Q 2023).

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

Viridian Therapeutics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 73%. Earnings per share (EPS) missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 82% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Viridian Therapeutics (of which 2 shouldn't be ignored!) you should know about.

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