earnings
confidence high
sentiment negative
materiality 0.65
Enanta Q1 revenue $18M, net loss $33.4M; RSV data expected Q3 2024
ENANTA PHARMACEUTICALS INC
2024-Q1 EPS reported
-$1.58
revenue$18,003,000
- Revenue $18.0M (down from $23.6M YoY) from AbbVie's MAVYRET royalties; net loss $33.4M ($1.58/share) vs $29.0M loss YoY.
- Cash and marketable securities $337.2M; expected to fund operations through fiscal 2027.
- Anticipates topline data from RSVPEDs Phase 2 study of zelicapavir and EDP-323 Phase 2a challenge study in Q3 2024.
- Expanded into immunology with oral KIT inhibitor program for chronic spontaneous urticaria; development candidate selection targeted for 2024.
- G&A expenses rose to $16.5M due to legal fees from patent infringement suit against Pfizer and higher stock compensation.