earnings
confidence high
sentiment positive
materiality 0.70
Ionis Q2 revenue $225M (+20% YoY); operating loss narrows to $66M; key pipeline milestones
IONIS PHARMACEUTICALS INC
2024-Q2 EPS reported
-$1.43
revenue$344,748,000
- Total revenue $225M (up 20% YoY); loss from operations $66M vs $91M loss in Q2 2023; non-GAAP loss from ops $35M.
- WAINUA Q2 royalty revenue $4M; approved in Canada; U.S. launch progressing with AstraZeneca.
- Olezarsen NDA for FCS accepted for Priority Review, PDUFA Dec 19, 2024; Phase 3 sHTG studies fully enrolled, data H2:2025.
- Donidalorsen Phase 3 OASIS data published in NEJM; preparing U.S. NDA and EU MAA for HAE.
- Cash and short-term investments $2.1B; reaffirmed 2024 guidance; projects year-end cash $1.7B.