Checkpoint Therapeutics Full Year 2023 Earnings: Misses Expectations

In This Article:

Checkpoint Therapeutics (NASDAQ:CKPT) Full Year 2023 Results

Key Financial Results

  • Net loss: US$51.8m (loss narrowed by 17% from FY 2022).

  • US$2.77 loss per share (improved from US$6.09 loss in FY 2022).

earnings-and-revenue-history
NasdaqCM:CKPT Earnings and Revenue History March 24th 2024

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

Checkpoint Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 112% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 6 warning signs for Checkpoint Therapeutics (of which 4 are a bit concerning!) 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.