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Invivyd | 10-Q: Q2 2024 Earnings Report

Invivyd | 10-Q: Q2 2024 Earnings Report

Invivyd | 10-Q:2024財年二季報
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報告了2024年第二季度的財務結果,這是其在2024年3月PEMGARDA獲得FDA緊急使用授權後,第一個季度的商業營業收入。該公司實現了230萬美元的產品收入,考慮到預授權生產成本,毛利率達80%。淨虧損爲4720萬美元,較2023年第二季度的5020萬美元有所改善。研發費用同比減少至3030萬美元,前一年爲4360萬美元,主要是由於VYD222的生產成本降低,部分被VYD2311的支出增加所抵消。銷售、管理和行政費用從1010萬美元上升至2110萬美元,主要受商業化活動和人員成本增加的推動。截至2024年6月30日,Invivyd的現金及現金等價物爲14790萬美元。該公司通過2024年2月的股票發行淨籌集了3930萬美元。但管理層表示,公司在沒有通過收入或外部融資獲得額外資金的情況下,繼續作爲持續經營體的能力存在重大疑慮,無法超過一年。
Invivyd報告了2024年第二季度的財務結果,這是其在2024年3月PEMGARDA獲得FDA緊急使用授權後,第一個季度的商業營業收入。該公司實現了230萬美元的產品收入,考慮到預授權生產成本,毛利率達80%。淨虧損爲4720萬美元,較2023年第二季度的5020萬美元有所改善。研發費用同比減少至3030萬美元,前一年爲4360萬美元,主要是由於VYD222的生產成本降低,部分被VYD2311的支出增加所抵消。銷售、管理和行政費用從1010萬美元上升至2110萬美元,主要受商業化活動和人員成本增加的推動。截至2024年6月30日,Invivyd的現金及現金等價物爲14790萬美元。該公司通過2024年2月的股票發行淨籌集了3930萬美元。但管理層表示,公司在沒有通過收入或外部融資獲得額外資金的情況下,繼續作爲持續經營體的能力存在重大疑慮,無法超過一年。
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