earnings
confidence high
sentiment neutral
materiality 0.70
X4 Pharma reports FY2023 net loss $101.2M; cash $115.2M; PDUFA for WHIM syndrome April 30
X4 Pharmaceuticals, Inc
- Net loss $19.1M Q4 and $101.2M FY2023; R&D $15.3M Q4 and $72.0M FY2023; SG&A $9.9M Q4 and $35.5M FY2023.
- Cash, equivalents, restricted cash and marketable securities of $115.2M at Dec 31, 2023; runway into 2025.
- FDA PDUFA target action date April 30, 2024 for mavorixafor in WHIM syndrome; launch preparations underway.
- Additional Phase 2 results and global Phase 3 trial initiation for chronic neutropenia expected in 1H24.
- No guidance change; projected runway excludes debt drawdowns or potential Priority Review Voucher monetization.