Yahoo Finance Affimed Third Quarter 2022 Earnings: Beats Expectations
Affimed (NASDAQ:AFMD) Third Quarter 2022 Results
Key Financial Results
Revenue: €15.0m (up 69% from 3Q 2021).
Net loss: €16.5m (loss narrowed by 3.5% from 3Q 2021).
€0.11 loss per share (improved from €0.14 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Affimed Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 130%. Earnings per share (EPS) also surpassed analyst estimates by 39%.
Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 16% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Affimed has 3 warning signs we think 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.
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