Yahoo Finance Kiniksa Pharmaceuticals Full Year 2023 Earnings: Beats Expectations
Kiniksa Pharmaceuticals (NASDAQ:KNSA) Full Year 2023 Results
Key Financial Results
Revenue: US$270.3m (up 23% from FY 2022).
Net income: US$14.1m (down 92% from FY 2022).
Profit margin: 5.2% (down from 83% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.20 (down from US$2.64 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kiniksa Pharmaceuticals Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 20% 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 5.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Kiniksa Pharmaceuticals that you need to take into consideration.
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