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Dec 31, 2024
Humacyte Q4 2024 Earnings Report
Humacyte reported no revenue and a reduced net loss in Q4 2024 compared to the prior year, with operating expenses slightly higher and a positive shift in other income.
Key Takeaways
In Q4 2024, Humacyte recorded no revenue and a net loss of $20.9 million, down from $25.1 million in the same quarter last year. Operating expenses rose slightly year-over-year due to commercial launch preparations, while other income improved due to non-cash remeasurement of contingent earnout liabilities.
No revenue was reported for Q4 2024.
Net loss was $20.9 million, improving from $25.1 million in Q4 2023.
Operating expenses increased slightly to $28.1 million in the quarter.
Other income improved to $7.1 million, aided by non-cash remeasurement of liabilities.
Forward Guidance
Humacyte plans to continue advancing clinical programs and expand commercial access to Symvess, while preparing regulatory filings in 2025 and beyond.
Positive Outlook
- FDA approval and initial commercialization of Symvess
- 34 hospitals initiated VAC approval process for Symvess
- Positive results from V007 trial in dialysis patients
- Additional capital raised post-Q4 to support operations
- Planned IND filing for CABG indication in 2025
Challenges Ahead
- No revenue generated during Q4 2024
- Continued operating losses despite reduced net loss
- High R&D and administrative expenses
- Reliance on future clinical milestones for growth
- Commercial uptake still in early stages
Historical Earnings Impact
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Avg. Return Before/After Earnings
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