AquaBounty Technologies Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag
AquaBounty Technologies (NASDAQ:AQB) Third Quarter 2022 Results
Key Financial Results
Net loss: US$5.44m (loss narrowed by 21% from 3Q 2021).
US$0.077 loss per share (improved from US$0.097 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AquaBounty Technologies EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with AquaBounty Technologies (including 1 which shouldn't be ignored).
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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.
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