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Apr 30, 2020

KalVista Q4 2020 Earnings Report

KalVista reported financial results for the fourth quarter and fiscal year ended April 30, 2020, with revenue of $3.8 million for the quarter and a net loss of $6.6 million.

Key Takeaways

KalVista Pharmaceuticals announced its Q4 and full-year financial results, highlighting revenue of $3.8 million for the quarter and a net loss of $6.6 million. The company is progressing with clinical trials for KVD900 and KVD824, with operations funded into 2022.

KVD900 Phase 2 clinical trial data for oral treatment of Hereditary Angioedema (HAE) is expected in 2H 2020.

Oral HAE Prophylactic Candidate KVD824 Phase 2 clinical trial is planned to commence in 2H 2020.

Operations are funded into 2022.

Revenue for the quarter was $3.8 million, compared to $2.9 million for the same period in the prior fiscal year.

Total Revenue
$3.82M
Previous year: $2.93M
+30.7%
EPS
-$0.37
Previous year: -$0.49
-24.5%
Gross Profit
$3.82M
Cash and Equivalents
$15.8M
Free Cash Flow
-$12.6M
Total Assets
$92.5M

KalVista

KalVista

Forward Guidance

KalVista expects data from the KVD900 Phase 2 clinical trial in the second half of 2020 and anticipates commencing a Phase 2 clinical trial for KVD824 in the second half of 2020.