How did Gossamer Bio's revenue surge in Q2 2024?
5/8/2025 10:13pm
Gossamer Bio's revenue surge in Q2 2024 was not driven by an increase in sales, rather it was due to **revenue recognition** from the sale of seralutinib in the US.
The company's total revenue (MRQ) for Q2 2024 was $9.38 million, with the latest report period ending on December 31, 2024. The revenue surprise as of June 30, 2024, was -18.45 million, which indicates a significant decrease in revenue compared to the previous quarter. This decline suggests that the revenue surge in Q2 2024 was not driven by an increase in sales, but rather by a one-time revenue recognition event related to the sale of seralutinib in the US.