Fusion Pharmaceuticals First Quarter 2023 Earnings: Misses Expectations
Fusion Pharmaceuticals (NASDAQ:FUSN) First Quarter 2023 Results
Key Financial Results
Net loss: US$24.3m (loss widened by 22% from 1Q 2022).
US$0.45 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fusion Pharmaceuticals Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 101%.
Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Fusion Pharmaceuticals has 5 warning signs (and 2 which don't sit too well with us) we think you should know about.
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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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