Earnings Summary

Avidity Biosciences Inc’s revenue jumped 58.67% since last year same period to $3.54Mn in the Q1 2024. On a quarterly growth basis, Avidity Biosciences Inc has generated 61.56% jump in its revenue since last 3-months.

Avidity Biosciences Inc’s net profit fell -45.9% since last year same period to $-68.86Mn in the Q1 2024. On a quarterly growth basis, Avidity Biosciences Inc has generated -13.92% fall in its net profits since last 3-months.

Avidity Biosciences Inc’s net profit margin jumped 8.04% since last year same period to -1943.41% in the Q1 2024. On a quarterly growth basis, Avidity Biosciences Inc has generated 29.49% jump in its net profit margins since last 3-months.

Avidity Biosciences Inc’s earning per share (EPS) estimates for the current quarter stand at -0.79 - a -1.28% fall from last quarter’s estimates.

Avidity Biosciences Inc’s earning per share (EPS) estimates for the current year stand at -0.79.

Avidity Biosciences Inc’s earning per share (EPS) fell -6.76% since last year same period to -0.79 in the Q1 2024. This indicates that the Avidity Biosciences Inc has generated -6.76% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Avidity Biosciences Inc’s return on assets (ROA) stands at -0.2.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Avidity Biosciences Inc’s return on equity (ROE) stands at -0.33.