TScan Therapeutics First Quarter 2024 Earnings: Misses Expectations

TScan Therapeutics (NASDAQ:TCRX) First Quarter 2024 Results

Key Financial Results

• Revenue: US$566.0k (down 92% from 1Q 2023).

• Net loss: US$30.1m (loss widened by 34% from 1Q 2023).

• US$0.32 loss per share.

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

TScan Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 87%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 41% 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 down 9.1% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with TScan Therapeutics (including 2 which are significant).

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