In This Article:
CytomX Therapeutics (NASDAQ:CTMX) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$33.4m (up 27% from 3Q 2023).
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Net income: US$5.74m (up 92% from 3Q 2023).
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Profit margin: 17% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
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EPS: US$0.067 (up from US$0.037 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CytomX Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 96%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%.
Performance of the American Biotechs industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
Be aware that CytomX Therapeutics is showing 4 warning signs in our investment analysis and 2 of those make us uncomfortable...
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