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Arcutis Biotherapeutics | 10-Q: Q2 2024 Earnings Report

Arcutis Biotherapeutics | 10-Q: Q2 2024 Earnings Report

Arcutis Biotherapeutics | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/15 04:18

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Arcutis Biotherapeutics reported Q2 2024 total revenue of $30.9 million, a significant increase from $5.2 million in Q2 2023, driven by strong ZORYVE product sales. ZORYVE cream 0.3% revenue grew to $17.3 million while ZORYVE foam, launched in January 2024, contributed $13.6 million. The company's net loss narrowed to $52.3 million from $71.0 million year-over-year.Research and development expenses decreased 23% to $19.3 million due to completion of Phase 3 studies, while selling, general and administrative expenses increased 27% to $58.2 million to support commercialization efforts. The company ended the quarter with $363.1 million in cash and marketable securities, strengthened by a $161.7 million public offering completed in February 2024.The company achieved several key milestones, including FDA approval of ZORYVE cream 0.15% for atopic dermatitis in July 2024 and signing strategic agreements with Sato Pharmaceuticals for Japan rights and Kowa Pharmaceuticals for U.S. primary care promotion. Management expects continued commercial momentum while advancing pipeline development of ARQ-255 for alopecia areata and ARQ-234 for atopic dermatitis.
Arcutis Biotherapeutics reported Q2 2024 total revenue of $30.9 million, a significant increase from $5.2 million in Q2 2023, driven by strong ZORYVE product sales. ZORYVE cream 0.3% revenue grew to $17.3 million while ZORYVE foam, launched in January 2024, contributed $13.6 million. The company's net loss narrowed to $52.3 million from $71.0 million year-over-year.Research and development expenses decreased 23% to $19.3 million due to completion of Phase 3 studies, while selling, general and administrative expenses increased 27% to $58.2 million to support commercialization efforts. The company ended the quarter with $363.1 million in cash and marketable securities, strengthened by a $161.7 million public offering completed in February 2024.The company achieved several key milestones, including FDA approval of ZORYVE cream 0.15% for atopic dermatitis in July 2024 and signing strategic agreements with Sato Pharmaceuticals for Japan rights and Kowa Pharmaceuticals for U.S. primary care promotion. Management expects continued commercial momentum while advancing pipeline development of ARQ-255 for alopecia areata and ARQ-234 for atopic dermatitis.
Arcutis Biotherapeutics報告2024年第二季度的營業收入爲3090萬美元,較2023年第二季度的520萬美元大幅增長,這得益於ZORYVE產品銷售的強勁表現。ZORYVE 0.3%乳膏的營業收入增長至1730萬美元,而2024年1月推出的ZORYVE泡沫貢獻了1360萬美元。公司的淨虧損從去年同期的7100萬美元縮減至5230萬美元。由於完成了第3階段研究,研發費用減少23%,降至1930萬美元,而銷售、一般和行政費用增加27%,達到5820萬美元,以支持商業化工作。公司在本季度末擁有現金及可變現證券共計36310萬美元,此金額得益於2024年2月完成的16170萬美元的...展開全部
Arcutis Biotherapeutics報告2024年第二季度的營業收入爲3090萬美元,較2023年第二季度的520萬美元大幅增長,這得益於ZORYVE產品銷售的強勁表現。ZORYVE 0.3%乳膏的營業收入增長至1730萬美元,而2024年1月推出的ZORYVE泡沫貢獻了1360萬美元。公司的淨虧損從去年同期的7100萬美元縮減至5230萬美元。由於完成了第3階段研究,研發費用減少23%,降至1930萬美元,而銷售、一般和行政費用增加27%,達到5820萬美元,以支持商業化工作。公司在本季度末擁有現金及可變現證券共計36310萬美元,此金額得益於2024年2月完成的16170萬美元的公開募股。公司實現了幾個關鍵里程碑,包括在2024年7月獲得FDA批准的ZORYVE 0.15%乳膏用於特應性皮炎,並與佐藤製藥籤署了日本授權協議,以及與河野製藥簽署了美國初級保健推廣的戰略協議。管理層預計在推進ARQ-255針對斑禿和ARQ-234針對特應性皮炎的管線開發的同時,商業勢頭將持續增強。
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