earnings
confidence high
sentiment positive
materiality 0.75
Iovance Q3 product revenue $58.6M; net loss narrows to $0.28/shr; FY24 guidance reaffirmed
IOVANCE BIOTHERAPEUTICS, INC.
2024-Q3 EPS reported
-$1.03
revenue$90,376,000
- Q3 2024 product revenue $58.6M ($42.1M Amtagvi, $16.5M Proleukin); net loss $83.5M ($0.28/shr) vs $113.8M ($0.46/shr) YoY.
- Reaffirms FY24 total product revenue guidance of $160-$165M and FY25 guidance of $450-$475M.
- 146 patients infused with Amtagvi since Apr 2024 launch; 82 infusions in Q3; 56 ATCs onboarded, targeting 70 by year-end.
- Regulatory submissions accepted in EU, UK, Canada; potential approvals in 1H2025 (UK) and 2H2025 (EU, Canada).
- Enrollment accelerating in IOV-LUN-202 Phase 2 NSCLC trial; potential accelerated U.S. approval for lifileucel in NSCLC expected in 2027.