earnings
confidence high
sentiment neutral
materiality 0.75
Phathom Q3 net revenues $16.4M, up >120% QoQ; net loss $85.6M; VOQUEZNA prescriptions exceed 143k launch-to-date
Phathom Pharmaceuticals, Inc.
2024-Q3 EPS reported
-$4.29
revenue$25,588,000
- Net revenues $16.4M for Q3 2024 (vs $7.3M Q2 2024); no revenues in Q3 2023.
- Over 143,000 prescriptions for VOQUEZNA products filled launch-to-date (138% increase since last quarterly report).
- Net loss $85.6M vs $43.2M in Q3 2023; non-GAAP adjusted net loss $67.9M vs $30.8M.
- Commercial access expanded to >80% of U.S. commercial lives (est. 120M covered lives).
- R&D expenses down to $8.7M; SG&A up to $76.1M due to commercial buildout.