earnings
confidence high
sentiment neutral
materiality 0.75
enGene reports FY2024 net loss $55.1M; cash $297.9M; LEGEND study on track for mid-2026 BLA
enGene Therapeutics Inc.
2024-FY EPS reported
$1.46
- Net loss $55.1M ($1.46/sh) vs $104.7M in FY2023; operating expenses $62.3M up from $26.1M.
- Cash, cash equivalents and marketable securities $297.9M; expected to fund operations into 2027.
- Preliminary LEGEND pivotal data: 71% anytime CR rate in BCG-unresponsive NMIBC with CIS; BLA filing on track for mid-2026.
- First Amendment with Hercules Capital reallocates $7.5M to Tranche 3; total $50M facility unchanged.
- Appointed Joan Connolly as CTO, Anthony Cheung as CSO, Alex Nichols as Chief Strategy & Operations Officer.