earnings
confidence high
sentiment positive
materiality 0.80
Protagonist Q1 EPS -$0.19; rusfertide Phase 3 positive, ASCO plenary June 1
Protagonist Therapeutics, Inc
2025-Q1 EPS reported
-$0.19
revenue$28,321,000
- Cash $697.9M (up from $559.2M Dec 2024); net loss $11.7M (-$0.19/sh) vs income $207.3M in Q1 2024.
- Rusfertide Phase 3 VERIFY in PV met primary endpoint (p<0.0001) and all 4 key secondaries; ASCO plenary June 1, conf call June 2.
- Icotrokinra Phase 3 ICONIC-LEAD data presented at AAD and WCPD; Phase 2b ANTHEM-UC positive, full data later in 2025.
- Revenue $28.3M includes $22.8M rusfertide milestone recognition; vs $255M Q1 2024 with Takeda upfront.
- Pipeline: oral IL-17 antagonist PN-881 to enter clinic in 2025; cash runway through at least end of 2028.