earnings
confidence high
sentiment positive
materiality 0.65
Arcturus Q2 revenue $49.9M, net loss $17.2M; pipeline advances, Kostaive launch on track
Arcturus Therapeutics Holdings Inc.
2024-Q2 EPS reported
-$1.64
revenue$87,871,000
- Revenue $49.9M, up $39.4M YoY from $10.5M, driven by CSL collaboration revenue.
- Net loss $17.2M ($0.64 per share) improved from $52.6M loss in Q2 2023.
- Cash $317.2M; cash runway extends through Q1 2027; $437.1M received from CSL to date.
- IND submitted for ARCT-032 Phase 2 cystic fibrosis study; ARCT-810 OTC deficiency interim data expected Q4 2024.
- Kostaive on track for Q4 commercial launch in Japan; EMA review ongoing; COVID/flu programs with CSL progressing.