NASDAQ$CHRS
Coherus Biosciences Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Coherus reported a decline in Q4 FY24 revenue due to divestitures, offset by strong growth in LOQTORZI sales.
Coherus' Q4 FY24 revenue declined 41% year-over-year to $54.1 million, primarily due to the divestiture of CIMERLI and YUSIMRY. Despite this, UDENYCA revenue grew 28% to $46.3 million, while LOQTORZI revenue increased 29% quarter-over-quarter. The company reported a net loss of $50.7 million and an EPS of -$0.44, reflecting increased investment in oncology development.
- Q4 revenue declined 41% year-over-year to $54.1 million due to divestitures.
- UDENYCA revenue grew 28% year-over-year to $46.3 million.
- LOQTORZI revenue increased 29% quarter-over-quarter to $7.5 million.
- Net loss for the quarter was $50.7 million, with an EPS of -$0.44.
Headline financials
Revenue & EPS history
Coherus · Revenue · Quarterly
$54.1M
Forward guidance
Coherus expects improved financial flexibility in FY25 following the divestiture of UDENYCA, with a focus on growing LOQTORZI and advancing its oncology pipeline.
Tailwinds
- Projected post-UDENYCA divestiture cash of approximately $250 million.
- Expecting strong revenue growth for LOQTORZI in FY25.
- Plans to advance multiple oncology pipeline candidates, including CHS-114.
- Anticipated milestone data readouts for IL-27 antagonist and CCR8 antibody.
- Cost-cutting measures and operational streamlining to improve profitability.
Headwinds
- Revenue decline expected in the short term due to UDENYCA divestiture.
- Higher R&D expenses impacting short-term profitability.
- Market competition in the oncology segment remains strong.
- Potential regulatory delays for new pipeline candidates.
- Foreign exchange fluctuations could impact international revenue.
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 Q4 2024
+0.3%
Avg return
Earnings day
-2.2%
Avg return
5 days after
+0.4%
Avg return
30 days after
53%
23 / 43 earnings
Positive
+28.8%
Q4 2017
Best reaction
-31.6%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.9% | -10.3% | — | |
| Q4 2025 | +1.6% | -15.5% | -14.5% | |
| Q3 2025 | -9.6% | -8.7% | -19.5% | |
| Q1 2025 | -18.7% | -25.4% | -22.5% | |
| Q4 2024 | +1.0% | -11.5% | -28.7% | |
| Q3 2024 | +12.2% | +6.6% | +132.6% | |
| Q2 2024 | +15.3% | +16.1% | +0.0% | |
| Q1 2024 | -14.8% | -6.7% | -24.2% | |
| Q4 2023 | -3.1% | -0.9% | -0.4% | |
| Q3 2023 | -31.6% | -56.0% | -36.6% | |
| Q2 2023 | +13.8% | +11.8% | +21.4% | |
| Q1 2023 | -19.9% | -33.6% | -27.1% | |
| Q4 2022 | +3.4% | -14.0% | +8.8% | |
| Q3 2022 | -10.4% | -0.4% | -12.7% | |
| Q2 2022 | +17.6% | +9.9% | +1.4% | |
| Q1 2022 | -13.3% | -12.3% | -22.1% | |
| Q4 2021 | -6.5% | -15.6% | +1.0% | |
| Q3 2021 | +4.9% | +4.5% | +1.9% | |
| Q2 2021 | +1.8% | +3.2% | +22.8% | |
| Q1 2021 | -1.6% | -3.2% | -8.8% | |
| Q4 2020 | -6.1% | -1.4% | -10.5% | |
| Q3 2020 | -7.6% | +2.3% | +4.9% | |
| Q2 2020 | +8.0% | +3.2% | +1.4% | |
| Q1 2020 | +6.9% | +4.9% | +16.2% | |
| Q4 2019 | -5.1% | -4.0% | -20.2% | |
| Q3 2019 | +16.4% | +15.1% | +11.1% | |
| Q2 2019 | +19.0% | +15.2% | +31.9% | |
| Q1 2019 | +8.4% | +4.7% | +11.1% | |
| Q4 2018 | +2.4% | +2.6% | -2.8% | |
| Q3 2018 | -19.4% | -10.7% | -16.3% | |
| Q2 2018 | +2.5% | +2.5% | +2.7% | |
| Q1 2018 | +5.8% | +4.5% | +1.8% | |
| Q4 2017 | +28.8% | +35.3% | +23.9% | |
| Q3 2017 | -6.9% | -15.9% | -29.7% | |
| Q2 2017 | +6.3% | -8.3% | +13.4% | |
| Q1 2017 | -1.5% | +13.2% | +4.6% | |
| Q4 2016 | -5.4% | -0.9% | -19.6% | |
| Q3 2016 | +15.7% | +16.1% | +16.6% | |
| Q2 2016 | -3.3% | -1.8% | +1.8% | |
| Q1 2016 | -6.3% | — | — | |
| Q4 2015 | +4.1% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q3 2014 | -3.5% | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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