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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財年三季報
美股SEC公告 ·  2024/11/13 01:34

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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公司報告2024年第三季度營業收入爲170萬美元,比2023年第三季度的70萬美元增長了129%,這得益於科技開發項目和項目里程碑的進展。然而,淨虧損同比擴大至2740萬美元,上年爲2200萬美元,主要是由於研發費用增加。研發費用增長63%,達1800萬美元,反映出實驗室運營成本、ABS-101的IND啓用研究以及更高的基於股票的補償。截止2024年9月30日,公司保持強勁的流動性,現金和投資總額爲12710萬美元,這得益於2024年3月完成的8080萬美元的公開發行。截至2024年第三季度,公司繼續推進其綜合藥物創造平台,擁有22個在多個合作伙伴下的活躍項目。值得注意的是,Absci在2024年2月啓動了ABS-101的IND啓用研究,並預計將在2025年上半年開始第一階段臨牀研究,標誌着其內部管道開發的重大進展。
Absci公司報告2024年第三季度營業收入爲170萬美元,比2023年第三季度的70萬美元增長了129%,這得益於科技開發項目和項目里程碑的進展。然而,淨虧損同比擴大至2740萬美元,上年爲2200萬美元,主要是由於研發費用增加。研發費用增長63%,達1800萬美元,反映出實驗室運營成本、ABS-101的IND啓用研究以及更高的基於股票的補償。截止2024年9月30日,公司保持強勁的流動性,現金和投資總額爲12710萬美元,這得益於2024年3月完成的8080萬美元的公開發行。截至2024年第三季度,公司繼續推進其綜合藥物創造平台,擁有22個在多個合作伙伴下的活躍項目。值得注意的是,Absci在2024年2月啓動了ABS-101的IND啓用研究,並預計將在2025年上半年開始第一階段臨牀研究,標誌着其內部管道開發的重大進展。
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