Fortress Biotech (NASDAQ:FBIO) Full Year 2024 Results

Key Financial Results

• Revenue: US$57.7m (down 32% from FY 2023).
• Net loss: US$55.9m (loss narrowed by 19% from FY 2023).
• US$2.69 loss per share (improved from US$8.47 loss in FY 2023).

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

Fortress Biotech EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US.

The company's shares are down 12% from a week ago.

Risk Analysis

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.