Gritstone bio First Quarter 2024 Earnings: Misses Expectations

Simply Wall St.05-11

Gritstone bio (NASDAQ:GRTS) First Quarter 2024 Results Key Financial Results Revenue: US$1.74m (down 29% from 1Q 2023). Net loss: US$40.4m (loss widened by 19% from 1Q 2023). US$0.34 loss per share (...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 39%. Earnings per share  also missed analyst estimates by 8.5%.Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US.The company's shares are down 19% from a week ago.Every company has them, and we've spotted   5 warning signs for Gritstone bio   (of which 2 are significant!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRTS":"Gritstone Oncology Inc."},"translate_title":"Gritstone Bio 2024年第一季度收益：低于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRTS":0.9},"content_text":"Gritstone bio (NASDAQ:GRTS) First Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.74m (down 29% from 1Q 2023).\nNet loss: US$40.4m (loss widened by 19% from 1Q 2023).\nUS$0.34 loss per share (further deteriorated from US$0.30 loss in 1Q 2023).\n\n\n\n\n  NasdaqGS:GRTS Earnings and Revenue History May 11th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nGritstone bio Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 8.5%. \n Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are down 19% from a week ago. \nRisk Analysis\n What about risks? Every company has them, and we've spotted   5 warning signs for Gritstone bio   (of which 2 are significant!) you should know about. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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. 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