NASDAQ$MREO
Mereo Biopha-Adr · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Financial results for the second quarter of 2024 were announced and a corporate update was provided.
Mereo BioPharma reported a net loss of $12.3 million for the second quarter of 2024. Cash and cash equivalents totaled $87.4 million as of June 30, 2024, expected to fund operations into 2027. Phase 3 studies of setrusumab in OI were fully enrolled and positive Phase 2 data was announced.
- Phase 3 Orbit and Cosmic studies of setrusumab in OI fully enrolled.
- Positive 14-month results from the Phase 2 portion of the Orbit study demonstrated a continued reduction in fracture rates.
- Treatment with setrusumab resulted in ongoing improvements in lumbar spine bone mineral density.
- Cash and cash equivalents of $87.4 million as of June 30, 2024, are expected to fund operations into 2027.
Headline financials
Revenue & EPS history
Mereo Biopha-Adr · Revenue · Quarterly
$0
Forward guidance
Mereo BioPharma expects its existing cash and cash equivalents balance will enable it to fund its currently committed clinical trials, operating expenses including pre-commercial activities for setrusumab, and capital expenditure requirements into 2027.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q2 2024
+3.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+18.4%
Avg return
30 days after
69%
9 / 13 earnings
Positive
+11.9%
Q4 2023
Best reaction
-6.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.1% | +0.9% | +31.7% | |
| Q4 2025 | +4.6% | -4.5% | -4.3% | |
| Q3 2025 | +6.3% | +0.6% | +27.1% | |
| Q2 2025 | +9.4% | +14.5% | +19.7% | |
| Q1 2025 | +1.3% | -2.2% | +25.3% | |
| Q4 2024 | -3.6% | -11.6% | +15.6% | |
| Q3 2024 | -5.4% | -17.5% | -12.9% | |
| Q3 2023 | -5.4% | -17.5% | -12.9% | |
| Q2 2024 | +6.2% | +16.4% | +18.0% | |
| Q1 2023 | +10.5% | +10.1% | +43.6% | |
| Q1 2024 | +10.5% | +10.1% | +43.6% | |
| Q4 2023 | +11.9% | +15.6% | -7.1% | |
| Q4 2022 | -6.1% | -10.3% | +52.3% |
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