earnings
confidence high
sentiment neutral
materiality 0.70
Keros Therapeutics Q4 2024 net loss $46.0M; receives $200M Takeda upfront for elritercept
Keros Therapeutics, Inc.
2024-FY EPS reported
-$5.00
- Net loss of $46.0M in Q4 2024 vs $40.2M in Q4 2023; full-year net loss $187.4M.
- Revenue of $3.0M in Q4 2024 vs $0.1M in prior period, largely from Hansoh milestone.
- Cash and equivalents $559.9M at Dec 31, 2024; plus $200M Takeda upfront payment received Feb 2025 extends runway into 2029.
- Phase 1 data for KER-065 expected in Q1 2025; Phase 2 TROPOS trial data for cibotercept (KER-012) planned.
- R&D expenses rose to $45.6M in Q4 2024, driven by elritercept Phase 3 and TROPOS trial.