Synlogic First Quarter 2023 Earnings: Beats Expectations
Synlogic (NASDAQ:SYBX) First Quarter 2023 Results
Key Financial Results
Net loss: US$15.6m (flat on 1Q 2022).
US$0.23 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Synlogic Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%.
Looking ahead, revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Synlogic is showing 5 warning signs in our investment analysis and 1 of those is potentially serious...
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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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