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Invivyd | 10-Q: Q2 2024 Earnings Report

Invivyd | 10-Q: Q2 2024 Earnings Report

Invivyd | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/14 20:29

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Invivyd reported Q2 2024 financial results, marking its first quarter of commercial revenue following PEMGARDA's FDA emergency use authorization in March 2024. The company generated product revenue of $2.3 million, with an 80% gross margin when accounting for pre-EUA manufacturing costs. Net loss was $47.2 million compared to $50.2 million in Q2 2023.Research and development expenses decreased to $30.3 million from $43.6 million year-over-year, primarily due to reduced manufacturing costs for VYD222, partially offset by increased spending on VYD2311. Selling, general and administrative expenses rose to $21.1 million from $10.1 million, driven by commercialization activities and increased personnel costs.As of June 30, 2024, Invivyd had cash and cash equivalents of $147.9 million. The company raised $39.3 million in net proceeds through a stock offering in February 2024. However, management indicated substantial doubt about the company's ability to continue as a going concern beyond one year without additional funding through revenues or external financing.
Invivyd reported Q2 2024 financial results, marking its first quarter of commercial revenue following PEMGARDA's FDA emergency use authorization in March 2024. The company generated product revenue of $2.3 million, with an 80% gross margin when accounting for pre-EUA manufacturing costs. Net loss was $47.2 million compared to $50.2 million in Q2 2023.Research and development expenses decreased to $30.3 million from $43.6 million year-over-year, primarily due to reduced manufacturing costs for VYD222, partially offset by increased spending on VYD2311. Selling, general and administrative expenses rose to $21.1 million from $10.1 million, driven by commercialization activities and increased personnel costs.As of June 30, 2024, Invivyd had cash and cash equivalents of $147.9 million. The company raised $39.3 million in net proceeds through a stock offering in February 2024. However, management indicated substantial doubt about the company's ability to continue as a going concern beyond one year without additional funding through revenues or external financing.
Invivyd报告了2024年第二季度财务业绩,标志着自PEMGARDA在2024年3月获得FDA紧急使用授权以来的首个商业营业收入季度。公司实现产品营业收入为230万美金,考虑到EUA前的制造成本,毛利率为80%。净亏损为4720万美金,相比于2023年第二季度的5020万美金。研发费用同比减少至3030万美金,下降幅度为4360万美金,这主要源于VYD222的制造成本降低,但部分被VYD2311的支出增加所抵消。销售、一般和行政费用从1010万美金上升至2110万美金,主要受到商业化活动和员工成本增加的推动。截至2024年6月30日,Invivyd的现金及现金等价物为14790万美金。公司通过在2024年2月进行的股票发行筹集了3930万美金的净收益。然而,管理层表示对公司在缺乏额外营收或外部融资的情况下在一年内继续作为持续经营企业的能力表示重大怀疑。
Invivyd报告了2024年第二季度财务业绩,标志着自PEMGARDA在2024年3月获得FDA紧急使用授权以来的首个商业营业收入季度。公司实现产品营业收入为230万美金,考虑到EUA前的制造成本,毛利率为80%。净亏损为4720万美金,相比于2023年第二季度的5020万美金。研发费用同比减少至3030万美金,下降幅度为4360万美金,这主要源于VYD222的制造成本降低,但部分被VYD2311的支出增加所抵消。销售、一般和行政费用从1010万美金上升至2110万美金,主要受到商业化活动和员工成本增加的推动。截至2024年6月30日,Invivyd的现金及现金等价物为14790万美金。公司通过在2024年2月进行的股票发行筹集了3930万美金的净收益。然而,管理层表示对公司在缺乏额外营收或外部融资的情况下在一年内继续作为持续经营企业的能力表示重大怀疑。
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