How did Precigen's revenue and expenses trend in Q4 2024?
5/8/2025 07:14pm
Precigen's revenue and expenses in Q4 2024 are not currently available. However, we can infer some trends based on the available data.
1. **Revenue Trend**: Precigen's revenue fell by 3.1% to $1.19 million in Q4 2024, compared to the same quarter in the previous year. This decline indicates a challenging period for the company in terms of generating income.
2. **Expense Trends**: The company reported an adjusted loss of 6 cents per share for Q4 2024, which is higher than the same quarter in the previous year when the company reported an EPS of -13 cents. This suggests that despite the revenue decline, the expenses have not been adequately managed, leading to a higher net loss.
3. **R&D and SG&A Expenses**: The specific values for R&D and SG&A expenses are not available. However, the fact that the company is actively pursuing regulatory approvals and clinical trials, as evidenced by the submission of the BLA for PRGN-2012, suggests that R&D expenses are likely to be high. The increased R&D expenses could be a result of the company's strategic focus on advancing its lead candidate to market.
In conclusion, Precigen faced a difficult quarter in Q4 2024, with revenue declining and expenses remaining high, leading to a higher net loss compared to the same quarter in the previous year. The company's focus on R&D, particularly in advancing PRGN-2012, is a key factor in the current expense trends.