earnings
confidence high
sentiment neutral
materiality 0.50
Altimmune reports Q4 2021 net loss of $23.9M ($0.57/share); cash $190.3M; pemvidutide trials on track
Altimmune, Inc.
- Net loss $23.9M ($0.57 per share) vs $10.6M ($0.29) in Q4 2020; R&D expense doubled to $20.2M on pemvidutide development.
- Cash, equivalents and short-term investments of $190.3M at Dec 31, 2021; revenue $3.3M vs $2.3M.
- Pemvidutide Phase 1b NAFLD trial >90% enrolled; topline data expected Q3 2022.
- Phase 2 MOMENTUM obesity trial (48 wks) initiation expected Q1 2022; interim data at 24 wks in Q4 2022.
- HepTcell Phase 2 chronic hepatitis B trial enrollment ongoing; readout expected H1 2023.