NASDAQ$ALT
Altimmune Inc · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Altimmune reported a narrowed net loss and steady R&D progress in Q1 2025, with major clinical milestones approaching.
Altimmune maintained a focused R&D strategy in Q1 2025, reducing expenses and strengthening its balance sheet. The company is poised for significant updates in Q2 with the anticipated Phase 2b MASH data readout and new clinical trials in AUD and ALD set to launch.
- Net loss improved to $19.6M from $24.4M in Q1 2024.
- Cash and short-term investments totaled $150.8M as of March 31, 2025.
- Pemvidutide Phase 2b MASH data expected in Q2 2025.
- Phase 2 trials in Alcohol Use Disorder and Alcohol Liver Disease to begin in Q2 and Q3.
Headline financials
Revenue & EPS history
Altimmune · Revenue · Quarterly
$5K
Forward guidance
Altimmune expects pivotal trial readouts and launches in new indications to shape its pipeline and investment potential through 2025.
Tailwinds
- Top-line MASH data from Phase 2b expected in Q2 2025.
- High MASHResInd response rate (>90%) observed in Phase 1b analysis.
- INDs cleared and Phase 2 trials in AUD and ALD planned for Q2/Q3.
- $100M credit facility secured to extend financial runway.
- Decreased R&D spend vs. Q1 2024 due to trial timing.
Headwinds
- Minimal revenue generation during the quarter.
- No reported commercial pipeline yet; entirely clinical-stage.
- Net loss persists despite reduced operating expenses.
- No non-GAAP EPS guidance provided.
- Dependence on trial outcomes for future valuation growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+2.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+5.6%
Avg return
30 days after
60%
21 / 35 earnings
Positive
+35.0%
Q2 2022
Best reaction
-25.1%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -8.8% | -15.3% | |
| Q4 2025 | -17.6% | -9.6% | -21.8% | |
| Q3 2025 | +5.1% | +14.1% | +39.7% | |
| Q1 2025 | -4.2% | -7.2% | +19.0% | |
| Q4 2024 | +8.1% | +0.3% | -10.4% | |
| Q3 2024 | +29.5% | +3.5% | +16.9% | |
| Q2 2024 | +12.2% | +14.7% | +12.7% | |
| Q1 2024 | +0.8% | +9.2% | -9.8% | |
| Q4 2023 | +17.7% | +18.3% | -16.1% | |
| Q3 2023 | +1.1% | -6.4% | +146.4% | |
| Q2 2023 | +2.0% | -4.7% | -16.9% | |
| Q1 2023 | +2.2% | -6.6% | -19.7% | |
| Q4 2022 | +1.9% | -2.0% | -64.3% | |
| Q3 2022 | +10.3% | +12.7% | +4.2% | |
| Q2 2022 | +35.0% | +37.3% | +55.4% | |
| Q1 2022 | +31.0% | +34.3% | +117.0% | |
| Q4 2021 | +2.2% | +12.1% | -18.7% | |
| Q3 2021 | -0.5% | +1.3% | -12.3% | |
| Q2 2021 | +6.6% | +14.9% | +56.8% | |
| Q1 2021 | +5.2% | +4.7% | +23.0% | |
| Q4 2020 | -18.6% | -19.5% | -29.3% | |
| Q3 2020 | -25.1% | -18.6% | -1.1% | |
| Q2 2020 | -13.5% | -5.5% | -54.3% | |
| Q1 2020 | +21.4% | +21.6% | +103.8% | |
| Q4 2019 | -7.1% | -6.5% | -2.8% | |
| Q3 2019 | -8.0% | -10.9% | -1.7% | |
| Q2 2019 | -6.5% | -6.5% | -0.9% | |
| Q1 2019 | +2.7% | -4.7% | -3.5% | |
| Q4 2018 | +3.4% | +6.6% | -0.7% | |
| Q3 2018 | -6.8% | -9.1% | -31.5% | |
| Q2 2018 | +4.9% | +0.3% | -21.0% | |
| Q1 2018 | +10.8% | -1.9% | +1.7% | |
| Q4 2017 | -8.3% | -5.9% | -36.0% | |
| Q3 2017 | -1.0% | -7.1% | -25.1% | |
| Q2 2017 | -10.3% | -12.0% | +11.6% | |
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