earnings
confidence high
sentiment neutral
materiality 0.70
Novocure FY2024 revenue $605M (+19%), Q4 net loss $65.9M; Optune Lua approved and launched; PANOVA-3 trial met endpoint
NovoCure Ltd
2024-FY EPS reported
-$1.56
revenue$605,220,000
- FY2024 net revenues $605.2M (+19% YoY); Q4 net revenues $161.3M (+21% YoY).
- Q4 net loss $65.9M ($0.61/sh); adjusted EBITDA $2.6M; cash $959.9M.
- Optune Lua received FDA approval Oct 2024 for metastatic NSCLC; 52 prescriptions by year-end.
- Phase 3 PANOVA-3 trial met primary endpoint in unresectable locally advanced pancreatic cancer.
- 2025 outlook: low mid-single digit GBM growth; margins impacted by product launches.