Jun 30, 2024

Liquidia Q2 2024 Earnings Report

Reported financial results for the second quarter ended June 30, 2024.

Key Takeaways

Liquidia Corporation reported revenue of $3.7 million and a net loss of $27.9 million for the second quarter ended June 30, 2024. The company's cash and cash equivalents totaled $133.1 million as of June 30, 2024.

Judge Andrews denied the motion for preliminary injunction filed by United Therapeutics (UTHR) in its lawsuit alleging that YUTREPIA infringes U.S. Patent No. 11,826,327 (‘327 patent).

The U.S. District Court for the District of Columbia has denied motions for a temporary restraining order and preliminary injunction requested by UTHR in its suit against the U.S. Food and Drug Administration (FDA).

Liquidia presented two live thematic poster sessions and five encore presentations covering the company’s investigational products, YUTREPIA™ (treprostinil) inhalation powder and L606 (liposomal treprostinil) inhalation suspension at the World Symposia on Pulmonary Hypertension.

Liquidia presented data related to the investigational use of L606 (liposomal treprostinil) inhalation suspension in patients with pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD) at the ATS Conference in San Diego.

Total Revenue
$3.66M
Previous year: $4.79M
-23.5%
EPS
-$0.37
Previous year: -$0.36
+2.8%
Gross Profit
$2.17M
Previous year: $4.12M
-47.4%
Cash and Equivalents
$133M
Previous year: $88.2M
+50.9%
Free Cash Flow
-$24M
Previous year: -$5.81M
+312.5%
Total Assets
$177M
Previous year: $122M
+45.9%

Liquidia

Liquidia