Yahoo Finance Apellis Pharmaceuticals First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
Apellis Pharmaceuticals (NASDAQ:APLS) First Quarter 2023 Results
Key Financial Results
Revenue: US$44.8m (up 212% from 1Q 2022).
Net loss: US$177.8m (loss widened by 28% from 1Q 2022).
US$1.56 loss per share (further deteriorated from US$1.42 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Apellis Pharmaceuticals Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 72%. Earnings per share (EPS) missed analyst estimates by 6.8%.
Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Apellis Pharmaceuticals that 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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