Sonnet BioTherapeutics Holdings Second Quarter 2023 Earnings: US$0.34 loss per share (vs US$1.91 loss in 2Q 2022)
Sonnet BioTherapeutics Holdings (NASDAQ:SONN) Second Quarter 2023 Results
Key Financial Results
Net loss: US$5.67m (loss narrowed by 31% from 2Q 2022).
US$0.34 loss per share (improved from US$1.91 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sonnet BioTherapeutics Holdings Earnings Insights
Looking ahead, revenue is expected to decline by 47% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 19%.
Performance of the American Biotechs industry.
The company's shares are down 9.9% from a week ago.
Risk Analysis
Be aware that Sonnet BioTherapeutics Holdings is showing 7 warning signs in our investment analysis and 5 of those can't be ignored...
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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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