BEAM THERAPEUTICS Reports 17.2 Million in Total Revenue and Net Loss of 96.1 Million for Q3 of FY2023

November 20, 2023

🌧️Earnings Overview

For the third quarter of FY2023 ending September 30 2023, BEAM THERAPEUTICS ($NASDAQ:BEAM) reported total revenue of USD 17.2 million and a net income of USD -96.1 million, a 8.8% year-on-year rise in revenue and a 12.5% year-on-year drop in net income compared to the same period in the preceding year.

Market Price

On Wednesday, BEAM THERAPEUTICS reported their financial results for the third quarter of FY2023. The news caused investors to be cautious and take a step back due to the high net losses, resulting in the decrease in stock prices. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Beam Therapeutics. More…

    Total Revenues Net Income Net Margin
    81.55 -313.67 -426.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Beam Therapeutics. More…

    Operations Investing Financing
    -353.46 87.18 274.75
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Beam Therapeutics. More…

    Total Assets Total Liabilities Book Value Per Share
    1.29k 511.59 9.59
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Beam Therapeutics are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    1403.4% -488.4%
    FCF Margin ROE ROA
    -480.5% -31.3% -19.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale recently performed an analysis of BEAM THERAPEUTICS‘s wellbeing. According to our Star Chart research, BEAM THERAPEUTICS has an intermediate health score of 4/10 with regard to its cashflows and debt, implying that it might be able to safely ride out any crisis without the risk of bankruptcy. In regards to its financial health, BEAM THERAPEUTICS is strong in asset, growth, and weak in dividend, profitability. We also classify BEAM THERAPEUTICS as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Given the company‚Äôs current financial performance, investors who wish to take a long-term approach may be interested in BEAM THERAPEUTICS. This is because the company has a relatively healthy balance sheet and has achieved stable growth over time. Investors who want to benefit from any potential capital gains in the future may also be interested in this company. More…

  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company’s competitors include CRISPR Therapeutics AG, Intellia Therapeutics Inc, and Editas Medicine Inc.

    – CRISPR Therapeutics AG ($NASDAQ:CRSP)

    CRISPR Therapeutics AG is a biopharmaceutical company that focuses on the development of CRISPR-based therapeutics. The company has a market cap of $3.97 billion as of 2022 and a return on equity of -17.54%. The company’s primary focus is on the treatment of genetic diseases, but it is also investigating the use of CRISPR-based therapies for cancer and infectious diseases.

    – Intellia Therapeutics Inc ($NASDAQ:NTLA)

    Intellia Therapeutics Inc is a clinical-stage biopharmaceutical company, which engages in the development of therapeutics utilizing a proprietary technology platform to edit genes. The company was founded by Nessan Bermingham, Jennifer Doudna, and Andrew Philip Gregory in May 2014 and is headquartered in Cambridge, MA.

    – Editas Medicine Inc ($NASDAQ:EDIT)

    Editas Medicine Inc is a biotechnology company based in the United States which focuses on developing CRISPR-based genome editing treatments. As of December 2020, the company’s market capitalization was $806.98 million and its ROE was -23.75%. The company’s focus on developing CRISPR-based therapies puts it at the cutting edge of the biotech industry and gives it good potential for future growth. However, the company’s negative ROE indicates that it is not yet profitable and may be a risky investment.

    Summary

    Beam Therapeutics reported its financial results for Q3 FY2023, showing total revenue of USD 17.2 million and net income of USD -96.1 million. This indicates a 8.8% increase in revenue and a 12.5% decrease in net income on a year-over-year basis. As a result, the stock price dropped on the same day.

    For investors, it is important to take into consideration Beam Therapeutics’ financial performance when making investment decisions. As such, they should consider the company’s long-term prospects and financial stability before investing in this stock.

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