In This Article:
Rigel Pharmaceuticals (NASDAQ:RIGL) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$55.3m (up 97% from 3Q 2023).
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Net income: US$12.4m (up from US$5.69m loss in 3Q 2023).
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Profit margin: 23% (up from net loss in 3Q 2023).
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EPS: US$0.71 (up from US$0.33 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rigel Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 13% 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 55% from a week ago.
Risk Analysis
Be aware that Rigel Pharmaceuticals is showing 4 warning signs in our investment analysis and 2 of those are concerning...
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