What caused QURE's Q3 earnings to drop sharply?

QURE's Q3 earnings dropped sharply due to a combination of factors:

1. Revenue Shortfall: The company's revenue fell short of expectations, with reported revenue of $2.3 million missing the analyst estimate of $6.79 million. This decline in revenue reflects challenges in generating market forecasted sales.
2. Strategic Restructuring: QURE implemented strategic cost management and restructuring efforts, which led to a decrease in R&D expenses to $30.6 million in Q3 2024 from $65.4 million in Q3 2023. While these measures are intended to improve financial health, the reduction in spending may have impacted short-term profitability.

In summary, QURE's Q3 earnings drop is primarily due to revenue shortfall and strategic restructuring.