Generation Bio (NASDAQ:GBIO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$7.55m (up 252% from 3Q 2023).

• Net loss: US$15.3m (loss narrowed by 46% from 3Q 2023).

• US$0.23 loss per share (improved from US$0.43 loss in 3Q 2023).

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

Generation Bio Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%.

Performance of the American Biotechs industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Generation Bio you should be aware of.

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