Fennec Pharmaceuticals (NASDAQ:FENC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$7.26m (up 118% from 2Q 2023).

• Net loss: US$5.55m (loss widened by 2.0% from 2Q 2023).

• US$0.20 loss per share.

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

Fennec Pharmaceuticals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Fennec Pharmaceuticals (of which 2 are a bit unpleasant!) you should know about.

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