IGM Biosciences (NASDAQ:IGMS) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$61.4m (flat on 3Q 2023).
• US$1.01 loss per share (improved from US$1.04 loss in 3Q 2023).

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

IGM Biosciences Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 113%. Earnings per share (EPS) missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 59% 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 down 20% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for IGM Biosciences you should be aware of, and 1 of them is concerning.

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