In This Article:
Ensysce Biosciences (NASDAQ:ENSC) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$3.42m (up by US$2.98m from 3Q 2023).
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Net income: US$661.8k (up from US$2.69m loss in 3Q 2023).
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Profit margin: 19% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.
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EPS: US$0.067 (up from US$0.87 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ensysce Biosciences Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 148% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 8.6% from a week ago.
Risk Analysis
Be aware that Ensysce Biosciences is showing 5 warning signs in our investment analysis and 4 of those can't be ignored...
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