Yahoo Finance Relay Therapeutics First Quarter 2024 Earnings: Beats Expectations
Relay Therapeutics (NASDAQ:RLAY) First Quarter 2024 Results
Key Financial Results
Revenue: US$10.0m (up by US$9.78m from 1Q 2023).
Net loss: US$81.4m (loss narrowed by 14% from 1Q 2023).
US$0.62 loss per share (improved from US$0.78 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Relay Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 53% 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 11% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Relay Therapeutics has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
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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.
