In This Article:
ADC Therapeutics (NYSE:ADCT) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$17.4m (down 9.7% from 2Q 2023).
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Net loss: US$36.5m (loss narrowed by 25% from 2Q 2023).
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US$0.38 loss per share (improved from US$0.60 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ADC Therapeutics EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 34% 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 10% from a week ago.
Risk Analysis
You still need to take note of risks, for example - ADC Therapeutics has 5 warning signs (and 1 which is a bit unpleasant) we think you should know about.
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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.