Roivant Sciences: A Market Détente Unraveled
The figures revealed a disquieting tableau: Roivant’s revenues shyly nestled just below $2.2 billion, a far cry from the bountiful nearly $8 billion accrued in the same quarter the year prior-a veritable feast turned into a meager repast. Yet the sorrow did not halt at the revenue line; the company endured a descent into the abyss of a net loss, eclipsing $223 million-amounting to $0.33 per share-where once it had basked in the glow of a $95 million profit.