earnings
confidence high
sentiment positive
materiality 0.65
ADC Therapeutics posts Q4 revenue $22.3M; net loss narrows; LOTIS-5 topline data expected Q2 2026
ADC Therapeutics SA
- Q4 net product revenue $22.3M, full year $73.6M, up from $16.4M and $69.3M respectively in 2024.
- Q4 net loss $6.4M ($0.04/share) vs $30.7M ($0.29/share) in 2024; adjusted net loss $13.5M.
- Cash and cash equivalents $261.3M; expected cash runway at least into 2028.
- LOTIS-5 Phase 3 topline data in 2L+ DLBCL expected Q2 2026; LOTIS-7 full data by year-end 2026.
- Amendment to HealthCare Royalty financing reduces change-of-control payment to $150M through 2027; warrants for 9.8M shares at $3.81.