Xenetic Biosciences Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Xenetic Biosciences (NASDAQ:XBIO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$726.4k (up 12% from 2Q 2023).
• Net loss: US$1.27m (loss widened by 21% from 2Q 2023).
• US$0.83 loss per share (further deteriorated from US$0.69 loss in 2Q 2023).

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

Xenetic Biosciences Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for Xenetic Biosciences (2 are concerning!) that you should be aware of before investing here.

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