In This Article:
Avidity Biosciences (NASDAQ:RNA) Full Year 2024 Results
Key Financial Results
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Revenue: US$10.9m (up 14% from FY 2023).
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Net loss: US$322.3m (loss widened by 52% from FY 2023).
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US$2.89 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avidity Biosciences Revenues Beat Expectations
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Avidity Biosciences (1 shouldn't be ignored) you should be aware of.
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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.