Oxford Biomedica First Half 2023 Earnings: Misses Expectations
Oxford Biomedica (LON:OXB) First Half 2023 Results
Key Financial Results
Revenue: UK£43.1m (down 33% from 1H 2022).
Net loss: UK£48.0m (loss widened by 88% from 1H 2022).
UK£0.50 loss per share (further deteriorated from UK£0.27 loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Oxford Biomedica Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 75%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the United Kingdom.
Performance of the British Biotechs industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Oxford Biomedica that you should be aware of.
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