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Dec 31, 2024
Aclaris Therapeutics Q4 2024 Earnings Report
Aclaris Therapeutics' Q4 2024 financial results were reported, marked by a decrease in revenue primarily due to the absence of a one-time upfront payment received in the prior year, alongside a net loss impacted by in-process research and development expenses.
Key Takeaways
Aclaris Therapeutics reported Q4 2024 financial results, featuring a revenue of $9.2 million and a net loss of $96.6 million. The company highlighted its cash runway extending into 2028 and progress in its clinical development programs.
Aclaris reported Q4 2024 revenue of $9.2 million, compared to $17.6 million in Q4 2023.
The company experienced a net loss of $96.6 million for Q4 2024, compared to a net loss of $1.5 million for Q4 2023.
Aclaris ended the year with $203.9 million in cash, cash equivalents, and marketable securities.
The company's cash runway is expected to extend into 2028.
Revenue by Segment
Forward Guidance
Aclaris Therapeutics anticipates a rich catalyst calendar in 2025, including Phase 2 data in multiple immuno-inflammatory disease indications. Data from CTTQ’s Phase 2 studies of Bosakitug (ATI-045) in Chinese patients with severe asthma and Chronic Rhinosinusitis with Nasal Polyps (CRSwNP) is expected in the first half of 2025 to inform internal development programs. The initiation of enrollment in the Phase 2b trial for Bosakitug in Atopic Dermatitis (AD) is on track for the first half of 2025, and the company's cash runway is expected into 2028.
Positive Outlook
- Phase 2 data is expected in multiple immuno-inflammatory disease indications in 2025.
- Data from CTTQ’s Phase 2 studies of Bosakitug in Chinese patients with severe asthma and CRSwNP are expected in the first half of 2025.
- Enrollment in the Phase 2b trial for Bosakitug in Atopic Dermatitis (AD) is on track for the first half of 2025.
- The company's cash runway is expected into 2028.
- Top line results expected in the first half of 2025 for Phase 2a Trial in AD of ATI-2138.
Challenges Ahead
- Uncertainties inherent in the conduct of clinical trials.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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