earnings
confidence high
sentiment neutral
materiality 0.60
Arcturus Q3 net loss narrows to $6.9M; $25M milestone from KOSTAIVE first sale in Japan
Arcturus Therapeutics Holdings Inc.
2025-Q3 EPS
reported -$1.89
vs consensus -$0.84
▼ miss
(-125.1%)
- Q3 revenue $41.7M vs $45.2M YoY, down on lower CSL milestones; net loss $6.9M ($0.26/sh) vs $16.2M ($0.61/sh).
- Cash $294.1M; runway extended through Q1 2027. Total $462.1M in upfront and milestone payments from CSL to date.
- $25M commercial milestone triggered by first sale of KOSTAIVE in Japan by Meiji Seika Pharma in September.
- ARCT-032 CF and ARCT-810 OTC deficiency Phase 2 interim proof-of-concept data expected in first half of 2025.
- European CHMP opinion for KOSTAIVE expected December 2024; U.S. BLA filing planned in H1 2025.