Xenetic Biosciences Third Quarter 2024 Earnings: Misses Expectations

In This Article:

Xenetic Biosciences (NASDAQ:XBIO) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$614.2k (flat on 3Q 2023).

  • Net loss: US$436.7k (loss narrowed by 59% from 3Q 2023).

  • US$0.28 loss per share (improved from US$0.69 loss in 3Q 2023).

earnings-and-revenue-history
NasdaqCM:XBIO Earnings and Revenue History November 15th 2024

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

Xenetic Biosciences Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for Xenetic Biosciences you should be aware of, and 2 of them shouldn't be ignored.

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.

Waiting for permission
Allow microphone access to enable voice search

Try again.