NASDAQ$DFTX
Definium Therapeutics Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
MindMed reported an increased net loss in Q4 2024 as research and development expenses surged due to Phase 3 trial advancements.
MindMed reported a Q4 2024 net loss of $34.74 million, widening from $23.86 million in Q4 2023, driven by higher R&D costs as the company advanced its MM120 ODT Phase 3 trials. Operating expenses increased to $32.46 million from $22.21 million in the prior year period. Cash and cash equivalents grew significantly to $273.74 million, extending the company’s cash runway into 2027. MindMed continues its focus on progressing clinical trials for its pipeline of innovative brain health treatments.
- Q4 2024 net loss increased to $34.74 million from $23.86 million in Q4 2023.
- Operating expenses rose to $32.46 million, driven by higher R&D costs.
- Cash and cash equivalents reached $273.74 million, securing funding into 2027.
- Phase 3 trials for MM120 ODT in Generalized Anxiety Disorder and Major Depressive Disorder are on track.
Headline financials
Revenue & EPS history
MindMed · Revenue · Quarterly
$0
Forward guidance
MindMed expects continued investment in its clinical programs, with Phase 3 trials progressing for MM120 ODT in GAD and MDD. The company anticipates further R&D expenses but remains well-funded into 2027.
Tailwinds
- Phase 3 trials for MM120 ODT in GAD and MDD are on schedule.
- Cash runway secured into 2027, providing financial stability.
- Breakthrough therapy designation received for MM120 in GAD from the FDA.
- Expanded pipeline includes additional indications beyond anxiety and depression.
- Strengthened leadership team with key strategic hires.
Headwinds
- Continued net losses expected due to high R&D investments.
- No reported revenue in Q4 2024, as the company remains pre-commercial.
- Potential delays in trial enrollment could impact regulatory timelines.
- Stock price volatility due to biotech sector uncertainties.
- Regulatory risks remain, given the novel nature of psychedelic-based treatments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.8%
Avg return
Earnings day
+2.9%
Avg return
5 days after
+3.0%
Avg return
30 days after
44%
14 / 32 earnings
Positive
+25.8%
Q3 2024
Best reaction
-25.0%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.9% | +2.7% | +3.4% | |
| Q3 2025 | +3.2% | +7.1% | +8.9% | |
| Q2 2025 | -7.3% | +8.8% | -2.3% | |
| Q1 2025 | +4.4% | +6.5% | +26.2% | |
| Q4 2024 | +3.6% | -0.7% | -14.9% | |
| Q3 2024 | +25.8% | +21.3% | +10.2% | |
| Q1 2024 | -4.5% | -11.5% | -24.1% | |
| Q4 2023 | +2.9% | +12.2% | +69.1% | |
| Q3 2023 | +24.1% | +13.3% | +41.4% | |
| Q2 2023 | -5.2% | -5.4% | -10.5% | |
| Q1 2023 | -7.6% | -10.8% | -6.4% | |
| Q4 2022 | -9.9% | -8.1% | -12.3% | |
| Q3 2022 | +19.9% | +18.7% | +9.5% | |
| Q2 2022 | +11.3% | +4.3% | -15.0% | |
| Q1 2022 | -0.8% | -1.2% | -2.3% | |
| Q4 2021 | +0.0% | -9.3% | -30.9% | |
| Q4 2020 | -7.0% | -7.7% | -5.8% | |
| Q3 2020 | +8.2% | +13.3% | +28.8% | |
| Q2 2020 | +14.9% | +5.7% | -9.2% | |
| Q1 2020 | +4.5% | -5.2% | +2.0% | |
| Q3 2019 | -13.7% | -13.7% | +29.4% | |
| Q2 2019 | +0.0% | +33.3% | +11.1% | |
| Q1 2019 | -25.0% | +38.3% | -1.7% | |
| Q4 2018 | -1.9% | -3.7% | +11.1% | |
| Q3 2018 | -4.2% | +4.2% | -12.5% | |
| Q2 2018 | -0.9% | -6.0% | -39.6% | |
| Q1 2018 | -8.4% | -9.8% | -15.8% | |
| Q4 2017 | -4.4% | +0.0% | +2.4% | |
| Q3 2017 | +1.6% | +9.6% | -2.7% | |
| Q2 2017 | -1.9% | -7.5% | -0.4% | |
| Q1 2016 | +1.5% | -6.4% | -10.1% | |
| Q4 2016 | +0.0% | +0.0% | +58.2% |
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