earnings
confidence high
sentiment neutral
materiality 0.65
Fractyl Health Q3 net loss $23.2M; cash $84.7M; Revita studies on track
FRACTYL HEALTH, INC.
2024-Q3 EPS reported
-$1.09
revenue$90,000
- Net loss $23.2M vs $15.7M YoY; R&D expense $19.0M (up from $9.4M) on clinical progress.
- Cash and equivalents $84.7M; expected to fund operations into Q4 2025.
- REMAIN-1 mid-point analysis expected Q2 2025; REVEAL-1 open-label data start Q4 2024.
- REVITALIZE-1 topline data expected mid-2025; RJVA-001 CTA submission by YE 2024.
- Nominated RJVA-002, first smart GIP/GLP-1 pancreatic gene therapy candidate for obesity.