LAVA Therapeutics (NASDAQ:LVTX) First Quarter 2023 Results
Key Financial Results
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Revenue: US$1.22m (up 22% from 1Q 2022).
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Net loss: US$13.9m (loss widened by 32% from 1Q 2022).
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US$0.53 loss per share (further deteriorated from US$0.41 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LAVA Therapeutics Earnings Insights
Looking ahead, revenue is expected to decline by 9.4% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 16%.
Performance of the American Biotechs industry.
The company's shares are up 37% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with LAVA Therapeutics (at least 2 which are significant), and understanding them should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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