earnings
confidence high
sentiment neutral
materiality 0.75
Insmed Q3 ARIKAYCE revenue $93.4M (+18% YoY); net loss $1.27/sh; adds $150M loan
INSMED Inc
2024-Q3 EPS reported
-$4.27
revenue$259,265,000
- ARIKAYCE global revenue $93.4M in Q3 2024, up 18% YoY; US $66.9M, Japan $21.0M, Europe/RoW $5.6M.
- Net loss $220.5M ($1.27/sh) vs $158.9M ($1.11/sh) in Q3 2023; operating loss $213.4M.
- NDA for brensocatib in bronchiectasis on track for Q4 2024; potential US launch mid-2025.
- Amended Pharmakon loan adds $150M tranche at 9.60% fixed, maturity extends to Sept 2029.
- Ended Q3 with ~$1.5B cash; redeemed $225M convertible notes; raised $371M net via ATM.