earnings
confidence high
sentiment positive
materiality 0.65
Arcturus Q3 revenue $45.1M, net loss narrowed; cash runway extended to 2026; ARCT-154 on track for Japan approval
Arcturus Therapeutics Holdings Inc.
2023-Q3 EPS reported
-$0.68
revenue$135,944,000
- Revenue of $45.1M for Q3 2023 ($13.4M in Q3 2022); net loss $16.2M ($0.61/share) improved from $35.3M loss.
- Cash, equivalents and restricted cash $369.1M; expected runway extended to end of 2026.
- $35M milestone achieved from CSL Seqirus; total milestones received $365M to date.
- ARCT-154 monovalent COVID vaccine on track for Japan NDA approval in December; Phase 3 bivalent trial enrollment target (850 participants) reached.
- ARCT-032 Phase 1b initiated; first CF patient dosing this month; FDA Rare Pediatric Disease Designation granted.