Altimmune (NASDAQ:ALT) First Half 2024 Results

Key Financial Results

• Net loss: US$49.0m (loss widened by 36% from 1H 2023).

• US$0.69 loss per share.

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

Altimmune Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 72% 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 up 2.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Altimmune (of which 1 is a bit unpleasant!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.