Fortress Biotech, Inc.

FBIO

US34960Q3074

Pharmaceuticals

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
1.72 ^USD	0.00%		-1.71%	-42.86%

Apr. 03	North American Morning Briefing : Powell Awaited -2-	DJ
Apr. 02	Certain Warrants of Fortress Biotech, Inc. are subject to a Lock-Up Agreement Ending on 2-APR-2024.	CI

Fortress Biotech, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 14, 2023 at 04:10 pm EST

Fortress Biotech, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.031 million compared to USD 0.048 million a year ago. Revenue was USD 34.75 million compared to USD 16.53 million a year ago. Net loss was USD 5.05 million compared to USD 22.51 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 4.11 a year ago.
For the nine months, sales was USD 0.097 million compared to USD 0.118 million a year ago. Revenue was USD 64.57 million compared to USD 59.34 million a year ago. Net loss was USD 51.36 million compared to USD 59.63 million a year ago. Basic loss per share from continuing operations was USD 7.94 compared to USD 11.15 a year ago.

Latest news about Fortress Biotech, Inc.

North American Morning Briefing : Powell Awaited -2-	Apr. 03	DJ
Certain Warrants of Fortress Biotech, Inc. are subject to a Lock-Up Agreement Ending on 2-APR-2024.	Apr. 01	CI
Certain Options of Fortress Biotech, Inc. are subject to a Lock-Up Agreement Ending on 2-APR-2024.	Apr. 01	CI
Certain Common Stock of Fortress Biotech, Inc. are subject to a Lock-Up Agreement Ending on 2-APR-2024.	Apr. 01	CI
Fortress Biotech, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Alliance Global Partners Initiates Fortress Biotech at Buy Rating With $5 Price Target	Mar. 19	MT
Certain Preferred Stock of Fortress Biotech, Inc. are subject to a Lock-Up Agreement Ending on 8-FEB-2024.	Feb. 07	CI
Certain Common Stock of Fortress Biotech, Inc. are subject to a Lock-Up Agreement Ending on 8-FEB-2024.	Feb. 07	CI
Eric Rowinsky Announces Not Stand for Re-Election to the Board of Fortress Biotech, Inc	Jan. 26	CI
Fortress Biotech Prices $11 Million Offering of Stock, Warrants; Shares Sink in Early Trading	Dec. 29	MT
Roth MKM Lowers Price Target on Fortress Biotech to $15 From $30, Maintains Buy Rating	Nov. 29	MT
Top Midday Gainers	Nov. 17	MT
Fortress Biotech Insider Bought Shares Worth $2,664,776, According to a Recent SEC Filing	Nov. 16	MT
Fortress Biotech Insider Bought Shares Worth $249,999, According to a Recent SEC Filing	Nov. 16	MT
Earnings Flash (FBIO) FORTRESS BIOTECH Posts Q3 Revenue $34.8M	Nov. 14	MT
Fortress Biotech, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
Wall Street Set to Open Slightly Higher as Investors Parse Powell Remarks	Nov. 10	MT
Top Premarket Decliners	Nov. 10	MT
Fortress Biotech Begins Public Offering of Units	Nov. 10	MT
Journey Medical Corporation Announces Data from Bioavailability Study of DFD-29 (Minocycline Hydrochloride Modified Release Capsules, 40 Mg) Vs. Solodyn (Minocycline Hydrochine Hydrochloride Extended-Release Tablets, 105 Mg)	23-10-20	CI
Fortress Biotech Announces 1-for-15 Reverse Stock Split	23-10-09	MT
Avenue Therapeutics, Inc. announced that it expects to receive $0.55 million in funding from Fortress Biotech, Inc. and other investor	23-09-07	CI
B. Riley Trims Fortress Biotech's Price Target to $4 From $6, Keeps Buy Rating	23-08-22	MT
Fortress Biotech CEO Rosenwald Buys 20,000 Shares for $210,900	23-08-21	MT
Fortress Biotech, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI

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Company Profile

Fortress Biotech, Inc. is a biopharmaceutical company focused on acquiring and advancing assets. The Company has seven marketed prescription pharmaceutical products and over 25 programs in development at the Company, at its majority-owned and majority-controlled partners and subsidiaries and at partners and subsidiaries it founded and in which it holds significant minority ownership positions. Such product candidates span six market areas, including oncology, rare diseases and gene therapy. Its dermatology products include Qbrexza, Accutane, Amzeeq, Zilxi, Targadox, Exelderm and Luxamend. Its late stage product candidates include Cosibelimab (anti-PD-L1 antibody), DFD-29 (modified release oral minocycline for the treatment of rosacea), CUTX-101 (copper histidinate injection for Menkes disease), IV Tramadol, Olafertinib (also known as CK-101, EGFR inhibitor for EGFR mutation-positive NSCLC), CAEL-101 (monoclonal antibody for AL amyloidosis) and Triplex (cytomegalovirus (CMV) vaccine).

Sector

Pharmaceuticals

Calendar

2024-05-07 - Q1 2024 Earnings Release (Projected)

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Ratings for Fortress Biotech, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.72 USD

Average target price

10.75 USD

Spread / Average Target

+525.00%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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