Ionis Pharmaceuticals Full Year 2023 Earnings: Beats Expectations
Ionis Pharmaceuticals (NASDAQ:IONS) Full Year 2023 Results
Key Financial Results
Revenue: US$788.0m (up 34% from FY 2022).
Net loss: US$366.0m (loss widened by 36% from FY 2022).
US$2.56 loss per share (further deteriorated from US$1.90 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ionis Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 18% 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 down 2.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Ionis Pharmaceuticals that we have uncovered.
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