earnings
confidence high
sentiment neutral
materiality 0.75
Roivant reports FY2024 GAAP income from continuing ops $4.2B on $5.3B Telavant gain; Q4 loss $182.5M
Roivant Sciences Ltd.
2023-FY EPS reported
$5.23
revenue$124,795,000
- Net product revenue from VTAMA (psoriasis) $75.1M for FY2024; over 385K prescriptions since launch.
- Cash, cash equivalents and restricted cash $6.6B at March 31, 2024; after $648.4M share repurchase from Sumitomo, pro forma $5.9B.
- Non-GAAP loss from continuing operations $799.9M for FY2024 vs $924.3M prior year.
- Dermavant debt renegotiated reducing potential payments by over $300M; $225M reduction expected over next three fiscal years.
- Pipeline: Priovant to initiate pivotal brepocitinib trial in NIU in H2 2024; Immunovant expects 4-5 registrational studies by March 2025.