earnings
confidence high
sentiment positive
materiality 0.75
Prothena reports Q3 net income of $109.2M vs loss; revenue $139.2M on partner payments
PROTHENA CORP PUBLIC LTD CO
2021-Q3 EPS reported
$2.12
revenue$199,405,000
- Q3 net income $109.2M ($2.13 diluted EPS) vs net loss $30.6M a year ago; 9-month net income $100.2M.
- Revenue $139.2M, driven by $78.5M BMS option for PRX005 US license and $60.7M IP sale to Novo Nordisk.
- Cash, equivalents and restricted cash $601.5M at Sept 30, 2021; no debt.
- Updated FY2021 guidance: year-end cash ~$575M, net cash from ops/investing $85-95M, net income $50-60M.
- Appointed Tran Nguyen as CFO and Chief Strategy Officer; Brandon Smith as COO.