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Jan 31, 2020

KalVista Q3 2020 Earnings Report

KalVista reported financial results for the fiscal third quarter ended January 31, 2020.

Key Takeaways

KalVista Pharmaceuticals reported a revenue of $1.6 million and a net loss of $9.3 million for the third quarter ended January 31, 2020. The company's research and development expenses increased due to ongoing clinical trials and preclinical activities.

Phase 2 clinical trial with KVD900 data expected in the second quarter of this year.

Progress in optimization of KVD824 as a potential oral prophylactic treatment.

Phase 2 trial of KVD001 did not meet its primary endpoint in the overall study population.

KalVista intends to initiate a Phase 2 clinical trial in the second half of 2020 for KVD824.

Total Revenue
$1.58M
Previous year: $3.89M
-59.5%
EPS
-$0.52
Previous year: -$0.23
+126.1%
Cash and Equivalents
$18.6M
Total Assets
$103M

KalVista

KalVista

KalVista Revenue by Segment

Forward Guidance

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.