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Dec 31, 2024
SpringWorks Therapeutics Q4 2024 Earnings Report
SpringWorks Therapeutics reported Q4 2024 financial results, showing strong revenue growth and a net loss reduction.
Key Takeaways
SpringWorks Therapeutics reported strong revenue growth from OGSIVEO, achieving $61.5 million in net product revenue for Q4 2024. The company also received FDA approval for GOMEKLI and ended the year with $461.9 million in cash and equivalents. However, it reported a net loss of $77.3 million for the quarter.
Achieved $61.5 million in Q4 2024 net product revenue for OGSIVEO.
Received FDA approval for GOMEKLI for NF1-PN treatment.
Reported a net loss of $77.3 million for Q4 2024.
Ended 2024 with $461.9 million in cash, cash equivalents, and marketable securities.
Forward Guidance
SpringWorks expects continued revenue growth with expanded commercialization efforts, but challenges remain in cost management and profitability.
Positive Outlook
- Strong launch execution of OGSIVEO with growing sales.
- FDA approval of GOMEKLI expands product portfolio.
- Ongoing clinical trials to expand indications for nirogacestat.
- Significant cash reserves provide financial stability.
- Expected European launch of OGSIVEO in mid-2025.
Challenges Ahead
- Continued net losses impact overall financial performance.
- High SG&A expenses due to commercialization efforts.
- R&D expenses remain elevated with ongoing trials.
- Regulatory approval timelines in Europe create uncertainty.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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