Caribou Biosciences (NASDAQ:CRBU) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$3.46m (down 7.7% from 2Q 2023).

• Net loss: US$37.7m (loss widened by 28% from 2Q 2023).

• US$0.42 loss per share.

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

Caribou Biosciences Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%.

Looking ahead, revenue is forecast to grow 55% 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 18% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Caribou Biosciences (2 are concerning) you should be aware of.

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