C4 Therapeutics (NASDAQ:CCCC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$12.0m (up 351% from 2Q 2023).

• Net loss: US$17.7m (loss narrowed by 51% from 2Q 2023).

• US$0.26 loss per share (improved from US$0.73 loss in 2Q 2023).

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

C4 Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 151%. Earnings per share (EPS) also surpassed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 78% 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 1.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for C4 Therapeutics that you should be aware of.

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