How did Prime Medicine's expenses impact its revenue in Q4 2024?
5/9/2025 02:34pm
Prime Medicine's expenses had a significant negative impact on its revenue in Q4 2024. Despite generating $2.18 million in revenue, the company incurred total expenses of $42.28 million, resulting in a substantial net loss. This indicates that the company's expenses far exceeded its revenue during the period, likely due to factors such as high operational costs, research and development expenditures, or strategic investments. The resulting negative net income reflects the challenges Prime Medicine faced in managing its costs relative to its revenue generation during that quarter.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|PRME|PRME.O|Prime Medicine|2023 Q4|||-6.5643E7|185|
|PRME|PRME.O|Prime Medicine|2024 Q1|591000||-4.5761E7|185|
|PRME|PRME.O|Prime Medicine|2024 Q2|||-5.5327E7|185|
|PRME|PRME.O|Prime Medicine|2024 Q3|209000||-5.2518E7|185|