Celldex Therapeutics Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Celldex Therapeutics (NASDAQ:CLDX) Full Year 2023 Results
Key Financial Results
Net loss: US$141.4m (loss widened by 26% from FY 2022).
US$2.92 loss per share (further deteriorated from US$2.40 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Celldex Therapeutics Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 95%. Earnings per share (EPS) missed analyst estimates by 3.8%.
Looking ahead, revenue is forecast to grow 72% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 25% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Celldex Therapeutics that you need to take into consideration.
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