In This Article:
Ionis Pharmaceuticals (NASDAQ:IONS) Full Year 2024 Results
Key Financial Results
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Revenue: US$705.0m (down 11% from FY 2023).
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Net loss: US$454.0m (loss widened by 24% from FY 2023).
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US$3.04 loss per share (further deteriorated from US$2.56 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ionis Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 24% 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 up 3.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Ionis Pharmaceuticals that you need to be mindful of.
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