NASDAQ$SCPH
scPharmaceuticals Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
scPharmaceuticals reported Q3 2024 results, with FUROSCIX revenue increasing and progress made on label expansion and autoinjector program.
scPharmaceuticals reported a net FUROSCIX revenue of $10.0 million for Q3 2024, a 164% increase compared to Q3 2023. The company also received approval for label expansion to include NYHA Class IV patients and announced positive data on its Autoinjector program. A transformative financing of $125 million is expected to fund operations through expected profitability. The company reported a net loss of $35.1 million, or $0.75 per share, which included one-time charges of $0.47 per share.
- Net FUROSCIX revenue reached $10.0 million, up 164% from Q3 2023.
- Label expansion approved to include New York Heart Association (NYHA) Class IV Patients.
- Positive pharmacokinetic/pharmacodynamic (PK/PD) data reported for Autoinjector program.
- Completed $125 million financing anticipated to fund the Company through expected profitability.
Headline financials
Revenue & EPS history
scPharmaceuticals · Revenue · Quarterly
$10M
Revenue by segment
scPharmaceuticals · $3.8M total across 1 segment · Q3 2023
- FUROSCIX$3.8M—100.0%
Forward guidance
scPharmaceuticals is focused on expanding the FUROSCIX indication, developing the Autoinjector, and advancing pre-launch activities for patients with fluid overload due to CKD.
Tailwinds
- Continued growth of FUROSCIX net revenue.
- Increased penetration into the Class IV chronic heart failure patient population.
- Expansion of the sales force completed in late September.
- Significant increase in the FUROSCIX purchase flow from IDNs and hospital systems.
- Advancing pre-launch activities in anticipation of PDUFA target action date on March 6, 2025, in patients with fluid overload due to CKD.
Headwinds
- Dependence on the commercial success of FUROSCIX.
- Risks related to the receipt of regulatory approval for product candidates.
- Risks related to the ability to manufacture sufficient product for commercialization.
- History of operating losses and expectation to incur significant and increasing losses for the foreseeable future.
- The terms of credit facility place restrictions on operating and financial flexibility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q3 2024
+3.8%
Avg return
Earnings day
+5.8%
Avg return
5 days after
+7.1%
Avg return
30 days after
52%
16 / 31 earnings
Positive
+52.7%
Q4 2019
Best reaction
-14.5%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -7.4% | -4.6% | +11.6% | |
| Q1 2025 | +27.4% | +45.1% | +74.8% | |
| Q4 2024 | -1.0% | -1.3% | -15.5% | |
| Q3 2024 | -14.5% | -14.8% | -18.6% | |
| Q2 2024 | +2.6% | +3.7% | +11.8% | |
| Q1 2024 | +5.1% | +10.6% | -6.9% | |
| Q4 2023 | -1.1% | +2.2% | -7.8% | |
| Q3 2023 | -8.4% | — | — | |
| Q2 2023 | +0.0% | — | — | |
| Q1 2023 | -0.6% | — | — | |
| Q4 2022 | +25.0% | — | — | |
| Q3 2022 | +7.3% | — | — | |
| Q2 2022 | +8.6% | — | — | |
| Q1 2022 | +7.7% | — | — | |
| Q4 2021 | +7.0% | — | — | |
| Q3 2021 | -10.1% | — | — | |
| Q2 2021 | +4.9% | — | — | |
| Q1 2021 | -5.3% | — | — | |
| Q4 2020 | -6.6% | — | — | |
| Q3 2020 | +2.0% | — | — | |
| Q2 2020 | +0.0% | — | — | |
| Q1 2020 | -4.0% | — | — | |
| Q4 2019 | +52.7% | — | — | |
| Q3 2019 | -5.4% | — | — | |
| Q2 2019 | +10.1% | — | — | |
| Q1 2019 | +0.6% | — | — | |
| Q4 2018 | -4.8% | — | — | |
| Q3 2018 | +1.2% | — | — | |
| Q2 2018 | +2.9% | — | — | |
| Q1 2018 | +29.2% | — | — | |
| Q4 2017 | -6.7% | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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