Fennec Pharmaceuticals (NASDAQ:FENC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$6.97m (up 7.0% from 3Q 2023).

• Net loss: US$5.74m (loss widened by 207% from 3Q 2023).

• US$0.21 loss per share (further deteriorated from US$0.07 loss in 3Q 2023).

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 22%. Earnings per share (EPS) also missed analyst estimates by 133%.

Looking ahead, revenue is forecast to grow 26% 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 down 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Fennec Pharmaceuticals (of which 1 is a bit concerning!) you should know about.

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