earnings
confidence high
sentiment neutral
materiality 0.60
Altimmune Q3 net loss $23.5M, cash $201.9M; pemvidutide NAFLD data mid-Dec, obesity interim Q1 2023
Altimmune, Inc.
2022-Q3 EPS reported
-$1.37
revenue$42,000
- Net loss of $23.5M ($0.48 per share) vs $33.5M loss YoY; revenue minimal at ~$0.
- Cash, equivalents & short-term investments totaled $201.9M at September 30, 2022.
- Topline 24-week data from Phase 1b NAFLD trial expected mid-December 2022.
- Interim 24-week readout from Phase 2 MOMENTUM obesity trial (~160 subjects) expected Q1 2023.
- Enrollment complete in Phase 1b type 2 diabetes trial; data readout expected Q1 2023.