earnings
confidence high
sentiment neutral
materiality 0.60
Celcuity Q1 net loss $21.6M; Phase 3 VIKTORIA-1 on track for H2 2024 data
Celcuity Inc.
2024-Q1 EPS reported
-$0.64
- Net loss $21.6M ($0.64/sh) vs $11.9M ($0.55/sh) in Q1 2023; cash $177.7M expected runway into H1 2026.
- Phase 3 VIKTORIA-1 on track: topline PIK3CA wild-type data H2 2024; mutant sub-group H1 2025.
- First patient dosed in Phase 1b/2 trial of gedatolisib + darolutamide for mCRPC; prelim data expected H1 2025.
- Appointed Eldon Mayer as CCO in Feb 2024 to prepare for potential gedatolisib launch.
- R&D expenses $20.7M (up $9.4M YoY) driven by VIKTORIA-1 and new trial initiation.