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Omega Therapeutics Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
Omega Therapeutics (NASDAQ:OMGA) Second Quarter 2023 Results
Key Financial Results
Net loss: US$29.7m (loss widened by 15% from 2Q 2022).
US$0.54 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Omega Therapeutics Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 77%. Earnings per share (EPS) missed analyst estimates by 7.6%.
Looking ahead, revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 15% 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
It is worth noting though that we have found 5 warning signs for Omega Therapeutics (1 is concerning!) that you need to take into consideration.
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