earnings
confidence high
sentiment neutral
materiality 0.60
Kodiak Sciences Q3 net loss $43.9M, cash $197.9M; provides pipeline updates
Kodiak Sciences Inc.
2024-Q3 EPS reported
-$2.51
- Net loss of $43.9M ($0.84/sh) vs $50.0M ($0.95/sh) in Q3 2023; cash $197.9M expected to fund operations into 2026.
- Phase 3 GLOW2 (diabetic retinopathy) and DAYBREAK (wet AMD) enrolling; enrollment completion targeted H1 2025.
- KSI-101 APEX study enrolling; dose selection for pivotal studies expected Q2 2025.
- Tarcocimab ocular half-life 20 days (3x faricimab, 2-3x aflibercept) presented at Sept R&D Day.
- Preclinical ABCD pipeline expanded to glaucoma and geographic atrophy programs.