Yahoo Finance Xenetic Biosciences First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Xenetic Biosciences (NASDAQ:XBIO) First Quarter 2024 Results
Key Financial Results
Revenue: US$510.8k (down 16% from 1Q 2023).
Net loss: US$1.20m (loss widened by 40% from 1Q 2023).
US$0.78 loss per share (further deteriorated from US$0.56 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Xenetic Biosciences EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 1.3%.
Looking ahead, revenue is forecast to grow 33% 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 8.8% from a week ago.
Risk Analysis
Be aware that Xenetic Biosciences is showing 5 warning signs in our investment analysis and 2 of those are a bit unpleasant...
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