Precision BioSciences Earnings Reports

The company reported a significant decline in Q4 2024 revenues compared to the previous year, accompanied by increased research and development expenses as clinical activities accelerated. Net losses expanded, reflecting operational investments and decreased collaboration revenues.

Precision BioSciences reported total revenues of $0.6 million for the quarter ended September 30, 2024, compared to $13.1 million for the same period in 2023. Net loss from continuing operations was $16.4 million for the quarter ended September 30, 2024, as compared to a net loss from continuing operations of $12.1 million for the same period in 2023. As of September 30, 2024, Precision had approximately $121.3 million in cash, cash equivalents, and restricted cash.