4D Molecular Therapeutics (NASDAQ:FDMT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.0k (down 98% from 2Q 2023).

• Net loss: US$35.0m (loss widened by 18% from 2Q 2023).

• US$0.63 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

4D Molecular Therapeutics EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 99%. Earnings per share (EPS) exceeded analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 8.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - 4D Molecular Therapeutics has 3 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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