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Yahoo Finance Plus MeiraGTx Holdings Third Quarter 2022 Earnings: Misses Expectations
MeiraGTx Holdings (NASDAQ:MGTX) Third Quarter 2022 Results
Key Financial Results
Revenue: US$4.82m (down 31% from 3Q 2021).
Net loss: US$37.3m (loss widened by 44% from 3Q 2021).
US$0.83 loss per share (further deteriorated from US$0.59 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MeiraGTx Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 55%. Earnings per share (EPS) also missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 64% 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 9.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for MeiraGTx Holdings that you should be aware of.
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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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