Ligand Pharmaceuticals reported a strong fourth quarter and full year 2024, driven by royalty revenue growth and strategic investments. The company is reaffirming its 2025 financial guidance, expecting revenue between $180 million and $200 million and adjusted EPS between $6.00 and $6.25.
Total revenues for Q4 2024 increased by 52% to $42.8 million compared to Q4 2023.
Royalties for Q4 2024 were $34.8 million, a 55% increase compared to the same period in 2023, driven by Qarziba and Filspari sales.
GAAP net loss for Q4 2024 was $31.1 million, or $1.64 per share, compared to net income of $18.2 million, or $1.03 per diluted share, for the same period in 2023.
The company is reaffirming its 2025 financial guidance of $180-$200 million in revenues and adjusted earnings per diluted share of $6.00-$6.25.
Ligand reaffirmed its 2025 financial guidance introduced at its Investor Day on December 10, 2024.
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