NASDAQ$ALT
Altimmune Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Altimmune announced financial results for the third quarter ended September 30, 2024, and provided a business update, highlighting the completion of enrollment in the Phase 2b IMPACT trial of pemvidutide in MASH and successful completion of the obesity End-of-Phase 2 meeting with the FDA.
Altimmune reported a net loss of $22.8 million, or $0.32 net loss per share, for the third quarter ended September 30, 2024. The company's cash, cash equivalents and short-term investments totaled $139.4 million as of September 30, 2024. Enrollment was completed in the Phase 2b IMPACT trial of pemvidutide in MASH, with top-line efficacy data expected in Q2 2025.
- Completed enrollment in Phase 2b IMPACT trial of pemvidutide in MASH; top-line efficacy data expected in Q2 2025.
- Successfully completed obesity End-of-Phase 2 meeting with the FDA, reaching agreement on Phase 3 clinical trials.
- Plans to submit Investigational New Drug (IND) applications for pemvidutide in up to three additional indications beginning Q4 2024.
- Cash, cash equivalents and short-term investments of $139.4 million on September 30, 2024.
Headline financials
Revenue & EPS history
Altimmune · Revenue · Quarterly
$5K
Forward guidance
Altimmune anticipates several key milestones in the near future, including the readout of top-line efficacy data from the Phase 2b IMPACT trial in Q2 2025 and the submission of IND applications for pemvidutide in additional indications.
Tailwinds
- Top-line efficacy data from the Phase 2b IMPACT trial of pemvidutide in MASH is expected in Q2 2025.
- Agreement reached with the FDA on the design of the Phase 3 obesity program for pemvidutide.
- Plan to submit IND applications for pemvidutide in up to three additional indications beginning in Q4 2024.
- First trial for additional indications is planned to initiate in H1 2025.
- Data from Phase 2 MOMENTUM trial highlighted class-leading preservation of lean mass and preferential reduction in visceral adipose tissue.
Headwinds
- Forward-looking statements are subject to numerous assumptions, risks, and uncertainties.
- Delays in regulatory review, manufacturing and supply chain interruptions, and access to clinical sites could impact timelines.
- Adverse effects on healthcare systems and disruption of the global economy could affect results.
- Reliability of study results relating to human safety and possible adverse effects could impact product development.
- Success of future product advancements, including the success of future clinical trials, is uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2024
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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