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NASDAQ:SRNE

Sorrento Therapeutics Q1 2023 Earnings Results & Report

Sorrento Therapeutics logo
$0.0008 0.00 (0.00%)
As of 10/9/2026 03:57 PM Eastern

Sorrento Therapeutics missed analyst expectations on both earnings and revenue in its Q1 2023 results, released May 15, 2023. The company reported EPS of -$0.26 versus the -$0.16 consensus estimate, while revenue of $16.25 million fell short of the $20.00 million estimate by $3.75 million.

Earnings Announcement Details

Quarter
Q1 2023
Report Date

Sorrento Therapeutics EPS Results

Actual EPS
-$0.26
Consensus EPS
-$0.16
Beat/Miss
Missed by -$0.10
One Year Ago EPS
N/A
EPS Beat Rate
1 of last 8 quarters

Sorrento Therapeutics Revenue Results

Actual Revenue
$16.25 million
Expected Revenue
$20.00 million
Beat/Miss
Missed by -$3.75 million
YoY Revenue Growth
N/A

Upcoming Earnings

Sorrento Therapeutics' next earnings date is estimated for Friday, November 6, 2026, based on past reporting schedules.

Conference Call Resources

Sorrento Therapeutics Q1 2023 Earnings FAQ

Sorrento Therapeutics (NASDAQ:SRNE) reported earnings of -$0.26 per share for Q1 2023, missing the consensus estimate of -$0.16. The report was announced on Monday, May 15, 2023.

Sorrento Therapeutics reported revenue of $16.25 million for Q1 2023, against a consensus estimate of $20.00 million.

Sorrento Therapeutics' next earnings date is estimated for Friday, November 6, 2026. MarketBeat tracks confirmed and estimated earnings dates for Sorrento Therapeutics on the company's earnings history page.

Sorrento Therapeutics Earnings Headlines

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About Sorrento Therapeutics

Sorrento Therapeutics (NASDAQ:SRNE) is a biotechnology company focused on developing therapies for cancer, chronic pain and other serious medical conditions. The company has historically pursued treatments based on antibody therapeutics, cellular therapies and targeted drug-delivery technologies, with research and development centered primarily in the United States.

Sorrento’s development programs have included immuno-oncology and chimeric antigen receptor T-cell (CAR-T) therapies, as well as its Sofusa lymphatic drug-delivery platform. The company has also developed resiniferatoxin (RTX), an investigational non-opioid treatment designed to target severe, chronic pain. Other programs have addressed solid tumors, hematologic cancers and infectious diseases, including COVID-19-related diagnostics and therapeutics.

Founded in 2009 and headquartered in San Diego, California, Sorrento has operated primarily as a clinical-stage biotechnology company rather than a commercial pharmaceutical business. Dr. Henry Ji, a co-founder, has historically served as chairman and chief executive officer. Sorrento filed for Chapter 11 bankruptcy protection in 2023, and its securities have since undergone significant changes from their former Nasdaq listing.

View Sorrento Therapeutics Profile