Poseida Therapeutics Full Year 2023 Earnings: Beats Expectations
Poseida Therapeutics (NASDAQ:PSTX) Full Year 2023 Results
Key Financial Results
Revenue: US$64.7m (down 50% from FY 2022).
Net loss: US$123.4m (loss widened by 93% from FY 2022).
US$1.37 loss per share (further deteriorated from US$0.89 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Poseida Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 40%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 4 warning signs for Poseida Therapeutics (1 is a bit unpleasant!) that you need to be mindful of.
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