In This Article:
Caribou Biosciences (NASDAQ:CRBU) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$2.02m (down 91% from 3Q 2023).
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Net loss: US$34.7m (loss widened by 247% from 3Q 2023).
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US$0.38 loss per share (further deteriorated from US$0.12 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Caribou Biosciences EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 35%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 42% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Caribou Biosciences (1 makes us a bit uncomfortable!) that you should be aware of.
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