Yahoo Finance MeiraGTx Holdings First Quarter 2024 Earnings: US$0.32 loss per share (vs US$0.62 loss in 1Q 2023)
MeiraGTx Holdings (NASDAQ:MGTX) First Quarter 2024 Results
Key Financial Results
Revenue: US$697.0k (down 79% from 1Q 2023).
Net loss: US$20.4m (loss narrowed by 33% from 1Q 2023).
US$0.32 loss per share (improved from US$0.62 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MeiraGTx Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 47% 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 up 2.0% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with MeiraGTx Holdings (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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