Poseida Therapeutics Second Quarter 2024 Earnings: Beats Expectations

In This Article:

Poseida Therapeutics (NASDAQ:PSTX) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$26.0m (up 30% from 2Q 2023).

  • Net loss: US$31.4m (loss widened by 14% from 2Q 2023).

  • US$0.32 loss per share (further deteriorated from US$0.32 loss in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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 68%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 2.0% 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 23% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Poseida Therapeutics (1 shouldn't be ignored!) that you should be aware of before investing here.

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