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bluebird bio | 10-Q: Q2 2024 Earnings Report

bluebird bio | 10-Q: Q2 2024 Earnings Report

bluebird bio | 10-Q:2024財年二季報
美股SEC公告 ·  2024/09/28 04:24

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bluebird bio reported Q2 2024 revenue of $16.1 million, up from $6.9 million in Q2 2023, driven by increased sales of its gene therapy products ZYNTEGLO, SKYSONA and LYFGENIA. However, the company posted a net loss of $81.4 million compared to a $62.8 million loss in the prior year period, as cost of product revenue increased to $28.9 million and operating expenses rose to $75.5 million.The company faces significant financial challenges, with management expressing substantial doubt about its ability to continue as a going concern. Based on current forecasts, existing cash and cash equivalents of $144.1 million are expected to fund operations only into Q1 2025. In March 2024, bluebird secured a term loan facility of up to $175 million from Hercules Capital to extend its runway.To optimize costs, bluebird announced a restructuring in September 2024 that will reduce workforce by 25%. The company continues to focus on commercial execution of its three FDA-approved gene therapies while managing manufacturing challenges and seeking adequate pricing and reimbursement. Management is exploring additional financing options and implementing cost-saving initiatives to sustain operations.
bluebird bio reported Q2 2024 revenue of $16.1 million, up from $6.9 million in Q2 2023, driven by increased sales of its gene therapy products ZYNTEGLO, SKYSONA and LYFGENIA. However, the company posted a net loss of $81.4 million compared to a $62.8 million loss in the prior year period, as cost of product revenue increased to $28.9 million and operating expenses rose to $75.5 million.The company faces significant financial challenges, with management expressing substantial doubt about its ability to continue as a going concern. Based on current forecasts, existing cash and cash equivalents of $144.1 million are expected to fund operations only into Q1 2025. In March 2024, bluebird secured a term loan facility of up to $175 million from Hercules Capital to extend its runway.To optimize costs, bluebird announced a restructuring in September 2024 that will reduce workforce by 25%. The company continues to focus on commercial execution of its three FDA-approved gene therapies while managing manufacturing challenges and seeking adequate pricing and reimbursement. Management is exploring additional financing options and implementing cost-saving initiatives to sustain operations.
bluebird bio報告2024年第二季度營業收入爲1610萬美元,較2023年第二季度的690萬美元增長,這得益於其基因治療產品ZYNTEGLO、SKYSONA和LYFGENIA銷售的增加。然而,公司淨虧損爲8140萬美元,相比於去年同期的6280萬美元虧損,產品收入成本增加至2890萬美元,營業費用上升至7550萬美元。公司面臨重大財務挑戰,管理層對其作爲持續經營的能力表示了實質性懷疑。根據當前的預測,現有的現金及現金等價物爲14410萬美元,預計僅能支持運營至2025年第一季度。2024年3月,bluebird從海格投資處獲得了高達17500萬美元的定期貸款,以延長其資金鍊。爲了優化成本,bluebird於2024年9月宣佈進行重組,將減少25%的員工。公司繼續專注於其三種獲得FDA批准的基因療法的商業執行,同時管理製造挑戰,並尋求適當的定價和報銷。管理層正在探索額外的融資選擇,並實施節省成本的舉措以維持運營。
bluebird bio報告2024年第二季度營業收入爲1610萬美元,較2023年第二季度的690萬美元增長,這得益於其基因治療產品ZYNTEGLO、SKYSONA和LYFGENIA銷售的增加。然而,公司淨虧損爲8140萬美元,相比於去年同期的6280萬美元虧損,產品收入成本增加至2890萬美元,營業費用上升至7550萬美元。公司面臨重大財務挑戰,管理層對其作爲持續經營的能力表示了實質性懷疑。根據當前的預測,現有的現金及現金等價物爲14410萬美元,預計僅能支持運營至2025年第一季度。2024年3月,bluebird從海格投資處獲得了高達17500萬美元的定期貸款,以延長其資金鍊。爲了優化成本,bluebird於2024年9月宣佈進行重組,將減少25%的員工。公司繼續專注於其三種獲得FDA批准的基因療法的商業執行,同時管理製造挑戰,並尋求適當的定價和報銷。管理層正在探索額外的融資選擇,並實施節省成本的舉措以維持運營。
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