earnings
confidence high
sentiment neutral
materiality 0.70
Marker Therapeutics reports Q3 2024 net loss of $2.3M; receives $4M NIH grants
Marker Therapeutics, Inc.
2024-Q3 EPS reported
-$0.77
revenue$4,339,317
- Cash and cash equivalents of $9.0M as of Sept 30, 2024; expects to fund operations into October 2025.
- Net loss from continuing operations improved to $2.3M (Q3 2024) from $3.0M (Q3 2023).
- R&D expenses rose to $3.5M (Q3 2024) vs $2.0M (Q3 2023) due to increased clinical trial activity.
- Received two $2M SBIR grants from NIH ($4M total) to support MT-601 trials in lymphoma and pancreatic cancer.
- Phase 1 APOLLO study of MT-601 in lymphoma continues enrolling; expects preliminary data by end of 2024.