The chart below shows how IMUX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IMUX sees a +53.96% change in stock price 10 days leading up to the earnings, and a +2.47% change 10 days following the report. On the earnings day itself, the stock moves by +2.95%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Cash Reserves Outlook: In the third quarter of 2024, Immunic ended with $59.1 million in cash and cash equivalents, which is expected to fund operations into the third quarter of 2025.
R&D Expense Increase: R&D expenses increased to $21.4 million for the three months ended September 30, 2024, compared to $19.8 million for the same period in 2023, driven by external development costs related to clinical trials.
R&D Expense Decrease: R&D expenses for the nine months ended September 30, 2024, were $58.4 million, a decrease from $63.9 million for the same period in 2023, primarily due to the prioritization of the izunmab program.
G&A Expense Increase: G&A expenses increased to $4.4 million for the three months ended September 30, 2024, compared to $3.8 million for the same period in 2023, primarily related to personnel expenses.
G&A Expense Increase: G&A expenses for the nine months ended September 30, 2024, were $14 million, compared to $11.9 million for the same period in 2023, reflecting increased personnel and legal expenses.
Negative
R&D Expense Increase: R&D expenses increased to $21.4 million for the three months ended September 30, 2024, compared to $19.8 million for the same period ended September 30, 2023, indicating rising costs.
G&A Expense Increase: G&A expenses rose to $4.4 million for the three months ended September 30, 2024, up from $3.8 million for the same period in 2023, reflecting increased operational costs.
Net Loss Comparison: Net loss for the three months ended September 30, 2024, was approximately $24.4 million, compared to a net loss of approximately $22.8 million for the same period in 2023, showing worsening financial performance.
Net Loss Comparison: The net loss for the nine months ended September 30, 2024, was approximately $75.3 million, compared to a net loss of approximately $72 million for the same period in 2023, indicating a continued decline in profitability.
R&D Expense Decrease: R&D expenses for the nine months ended September 30, 2024, were $58.4 million compared to $63.9 million for the same period in 2023, suggesting a decrease in investment despite ongoing projects.
Immunic, Inc. (IMUX) Q3 2024 Earnings Call Transcript
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