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Absci Corp | 10-Q: Q3 2024 Earnings Report

Absci Corp | 10-Q: Q3 2024 Earnings Report

Absci Corp | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/12 17:34

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Absci Corporation reported Q3 2024 revenue of $1.7 million, a 129% increase from $0.7 million in Q3 2023, driven by progress in technology development programs and project milestones. However, net loss expanded to $27.4 million from $22.0 million year-over-year, primarily due to higher research and development expenses.Research and development expenses rose 63% to $18.0 million, reflecting increased lab operations costs, IND-enabling studies for ABS-101, and higher stock-based compensation. The company maintained a strong liquidity position with $127.1 million in cash and investments as of September 30, 2024, bolstered by an $80.8 million public offering completed in March 2024.The company continues to advance its Integrated Drug Creation platform, with 22 active programs across multiple partners as of Q3 2024. Notably, Absci initiated IND-enabling studies for ABS-101 in February 2024 and expects to begin Phase 1 clinical studies in the first half of 2025, marking significant progress in its internal pipeline development.
Absci Corporation reported Q3 2024 revenue of $1.7 million, a 129% increase from $0.7 million in Q3 2023, driven by progress in technology development programs and project milestones. However, net loss expanded to $27.4 million from $22.0 million year-over-year, primarily due to higher research and development expenses.Research and development expenses rose 63% to $18.0 million, reflecting increased lab operations costs, IND-enabling studies for ABS-101, and higher stock-based compensation. The company maintained a strong liquidity position with $127.1 million in cash and investments as of September 30, 2024, bolstered by an $80.8 million public offering completed in March 2024.The company continues to advance its Integrated Drug Creation platform, with 22 active programs across multiple partners as of Q3 2024. Notably, Absci initiated IND-enabling studies for ABS-101 in February 2024 and expects to begin Phase 1 clinical studies in the first half of 2025, marking significant progress in its internal pipeline development.
Absci公司报告2024年第三季度营业收入为170万美元,比2023年第三季度的70万美元增长了129%,这得益于科技开发项目和项目里程碑的进展。然而,净亏损同比扩大至2740万美元,上年为2200万美元,主要是由于研发费用增加。研发费用增长63%,达1800万美元,反映出实验室运营成本、ABS-101的IND启用研究以及更高的基于股票的补偿。截止2024年9月30日,公司保持强劲的流动性,现金和投资总额为12710万美元,这得益于2024年3月完成的8080万美元的公开发行。截至2024年第三季度,公司继续推进其综合药物创造平台,拥有22个在多个合作伙伴下的活跃项目。值得注意的是,Absci在2024年2月启动了ABS-101的IND启用研究,并预计将在2025年上半年开始第一阶段临床研究,标志着其内部管道开发的重大进展。
Absci公司报告2024年第三季度营业收入为170万美元,比2023年第三季度的70万美元增长了129%,这得益于科技开发项目和项目里程碑的进展。然而,净亏损同比扩大至2740万美元,上年为2200万美元,主要是由于研发费用增加。研发费用增长63%,达1800万美元,反映出实验室运营成本、ABS-101的IND启用研究以及更高的基于股票的补偿。截止2024年9月30日,公司保持强劲的流动性,现金和投资总额为12710万美元,这得益于2024年3月完成的8080万美元的公开发行。截至2024年第三季度,公司继续推进其综合药物创造平台,拥有22个在多个合作伙伴下的活跃项目。值得注意的是,Absci在2024年2月启动了ABS-101的IND启用研究,并预计将在2025年上半年开始第一阶段临床研究,标志着其内部管道开发的重大进展。
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