BEIGENE Reaps Record Profits in Q2 FY2023, Total Revenue Increases 74.3% YoY
August 10, 2023
☀️Earnings Overview
On August 2 2023, BEIGENE ($NASDAQ:BGNE) announced their financial results for the second quarter of FY2023, which saw total revenue reach USD 595.3 million, representing a significant year-over-year rise of 74.3%. Despite this, net income for the quarter was lower than the prior year’s figure of -571.4 million, coming in at USD -381.1 million.
Analysis
GoodWhale has conducted an in-depth analysis of BEIGENE‘s fundamentals. According to their Risk Rating, BEIGENE is a high risk investment from both a financial and business standpoint. GoodWhale has identified five different risk warnings in the income sheet, balance sheet, cashflow statement, non-financial, and financial journals. These risk warnings are indicators that should be taken into consideration if you are considering investing in BEIGENE. To access the full report, register with GoodWhale. With this report, you can make an informed decision regarding whether or not BEIGENE is a good investment for you. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Beigene. BEIGENE_Reaps_Record_Profits_in_Q2_FY2023_Total_Revenue_Increases_74.3_YoY”>More…
| Total Revenues | Net Income | Net Margin |
| 1.81k | -1.73k | -95.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Beigene. BEIGENE_Reaps_Record_Profits_in_Q2_FY2023_Total_Revenue_Increases_74.3_YoY”>More…
| Operations | Investing | Financing |
| -1.74k | 516.88 | 156.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Beigene. BEIGENE_Reaps_Record_Profits_in_Q2_FY2023_Total_Revenue_Increases_74.3_YoY”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.73k | 1.93k | 36.01 |
Key Ratios Snapshot
Some of the financial key ratios for Beigene are shown below. BEIGENE_Reaps_Record_Profits_in_Q2_FY2023_Total_Revenue_Increases_74.3_YoY”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 100.5% | – | -88.2% |
| FCF Margin | ROE | ROA |
| -126.1% | -25.1% | -17.4% |
Summary
Investors should be aware of Beigene‘s financial performance in the second quarter of 2023. Despite a significant year-over-year increase in total revenue to USD 595.3 million, the company’s net income suffered a decrease to USD -381.1 million. This suggests that investors should be cautious when considering Beigene as a long-term investment, as the company’s profitability and efficiency may not be able to keep up with its revenue growth. Furthermore, the stock price declined on the same day, indicating that investors may be losing confidence in Beigene’s potential.
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