Ionis Pharmaceuticals has released its latest quarterly earnings. The company delivered a revenue beat. Earnings also came in better than expectations. But year over year numbers show pressure on profitability and sales growth.
IONS earnings and adjusted EPS performance
Ionis Pharmaceuticals reported adjusted EPS of -1.15. This marks a sharp decline of 167.44% year over year. In the same quarter last year, adjusted EPS was -0.43.
The wider loss shows higher costs or lower operating leverage compared to last year. Even though earnings beat analyst expectations, the deeper negative EPS highlights ongoing investment pressure.
Biotech companies often report volatile earnings due to research spending and milestone payments. The year over year drop reflects that dynamic.
Ionis Pharmaceuticals revenue and sales trend
Revenue came in at 203.00M. This figure beat market expectations. However, sales were down 10.57% compared to 227.00M in the same quarter last year.
The double digit revenue decline suggests softer collaboration revenue or product sales compared to the prior year. Despite that, the top line still exceeded forecasts, which helped cushion investor reaction.
The key numbers are clear. Adjusted EPS printed at -1.15 versus -0.43 a year ago. Revenue stood at 203.00M versus 227.00M last year. Ionis Pharmaceuticals delivered earnings and revenue beats, but year over year performance shows pressure that investors will continue to monitor closely.
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