Precigen Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St.08-16

Precigen (NASDAQ:PGEN) Second Quarter 2024 Results Key Financial Results Net loss: US$58.8m (loss widened by 189% from 2Q 2023). US$0.23 loss per share (further deteriorated from US$0.082 loss in 2Q ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 44%. Earnings per share  also missed analyst estimates by 140%.Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.The company's shares are down 16% from a week ago.Don't forget that there may still be risks. For instance, we've identified   3 warning signs for Precigen  that you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PGEN":"Precigen"},"translate_title":"Precigen 2024年第二季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PGEN":1},"content_text":"Precigen (NASDAQ:PGEN) Second Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$58.8m (loss widened by 189% from 2Q 2023).\nUS$0.23 loss per share (further deteriorated from US$0.082 loss in 2Q 2023).\n\n\n\n\n  NasdaqGS:PGEN Earnings and Revenue Growth August 16th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nPrecigen Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 44%. Earnings per share (EPS) also missed analyst estimates by 140%. \n Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are down 16% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   3 warning signs for Precigen  that you should be aware of. \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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