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Stock impact report

MeiraGTx Holdings plc's (NASDAQ:MGTX) Profit Outlook [Yahoo! Finance]

MeiraGTx Holdings plc - Ordinary Shares (MGTX) 
Company Research Source: Yahoo! Finance
With the business potentially at an important milestone, we thought we'd take a closer look at MeiraGTx Holdings plc's ( NASDAQ:MGTX future prospects. MeiraGTx Holdings plc, a clinical stage gene therapy company, focusing on developing treatments for patients with serious diseases. The US$321m market-cap company posted a loss in its most recent financial year of US$84m and a latest trailing-twelve-month loss of US$93m leading to an even wider gap between loss and breakeven. The most pressing concern for investors is MeiraGTx Holdings' path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. Consensus from 3 of the American Biotechs analysts is that MeiraGTx Holdings is on the verge of breakeven. They expect the company to post a final loss in 2024, before turning a profit of US$119m in 2025. So, the company is predicted to breakeven just over a year from today. What Show less Read more
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