earnings
confidence high
sentiment neutral
materiality 0.70
Arcturus Q1 2024 revenue $38M, net loss $26.8M; Kostaive on track for Q3 launch, cash runway through FY2027
Arcturus Therapeutics Holdings Inc.
2024-Q1 EPS reported
-$1.00
revenue$38,012,000
- Q1 2024 revenue $38.0M (down 53% YoY); net loss $26.8M ($1.00/share) vs net income $50.8M ($1.87) in Q1 2023.
- Cash $345.3M; runway extends at least three years to Q1 FY2027; expects future CSL milestones.
- Kostaive commercialization on track: initial 4M doses delivery in Q3; European MAA decision expected Q3.
- Phase 3 pivotal study for ARCT-2303 (XBB.1.5) initiated; ARCT-2138 flu Phase 1 topline data expected Q3.
- ARCT-810 (OTC) and ARCT-032 (CF) data updates on July 1, 2024; JP Morgan engaged to monetize ARCALIS JV stake.