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Sep 30, 2024

Ocugen Q3 2024 Earnings Report

Ocugen reported financial results for the third quarter of 2024 and provided a business update.

Key Takeaways

Ocugen reported progress in its gene therapy programs, including the expansion of the OCU400 Phase 3 clinical trial into Canada. With recent financing, the company's cash runway extends into 1Q2026.

Closed $30 million in debt financing subsequent to quarter-end.

OCU400 Phase 3 liMeliGhT clinical trial for retinitis pigmentosa (RP) is on track to complete enrollment in 1H2025.

OCU410 is currently in Phase 2 of the Phase 1/2 ArMaDa clinical trial.

DSMB for the OCU410ST GARDian clinical trial approved enrollment for the second phase of the Phase 1/2 clinical trial.

Total Revenue
$1.14M
0
EPS
-$0.05
Previous year: -$0.06
-16.7%
Gross Profit
$523K
Previous year: -$177K
-395.5%
Cash and Equivalents
$38.7M
Previous year: $53.5M
-27.6%
Total Assets
$61.9M
Previous year: $74.7M
-17.1%

Ocugen

Ocugen

Forward Guidance

Ocugen's cash runway extends into 1Q2026.