earnings
confidence high
sentiment neutral
materiality 0.70
Arcutis reports Q3 net loss $57M; submits NDA for roflumilast cream in plaque psoriasis
Arcutis Biotherapeutics, Inc.
2021-Q3 EPS reported
-$2.75
- Net loss of $57.0M ($1.14/sh) vs $38.2M ($1.01/sh) in Q3 2020; cash $368.8M.
- Submitted NDA to FDA for roflumilast cream for plaque psoriasis based on Phase 3 DERMIS trials.
- Initiated pivotal Phase 3 trial of roflumilast foam in scalp/body psoriasis; topline expected H2 2022.
- Terminated Phase 2a trial of ARQ-252 in vitiligo due to inadequate local drug delivery.
- R&D expense $40.6M vs $32.7M YoY; G&A expense $16.5M vs $5.6M YoY.