ABUS Nasdaq· Arbutus Biopharma Corporation
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ABUS Nasdaq· Arbutus Biopharma Corporation
Earnings report Q3 2023

Arbutus Biopharma Corporation Reports Decline in Revenue for Latest Quarter

Segments of Revenue

Arbutus Biopharma Corporation reported total revenue of $4.66 million for the three months ended September 30, 2023. This represents a decrease from the $5.95 million reported in the same period last year. The revenue was primarily generated from collaborations and licenses, which accounted for $3.94 million, and non-cash royalty revenue, which accounted for $0.72 million.


Despite the decline in revenue, Arbutus Biopharma Corporation's management highlighted several strengths. They emphasized the continued progress in collaborations and licenses, which contributed to the majority of the revenue. The company's ability to secure partnerships and licensing agreements demonstrates its strong position in the biopharmaceutical industry. Additionally, the non-cash royalty revenue indicates ongoing monetization of intellectual property assets.


The decline in revenue for the latest quarter poses a significant challenge for Arbutus Biopharma Corporation. The decrease can be attributed to various factors, including the completion of certain collaborations or licenses, expiration of royalty agreements, or delays in the development of new products. The company needs to address these challenges to ensure sustainable revenue growth in the future.


It is worth noting that Arbutus Biopharma Corporation's operating expenses increased to $26.22 million in the latest quarter compared to $23.76 million in the same period last year. This rise in expenses may have contributed to the loss from operations of $21.56 million. However, the company reported other income of $1.45 million, primarily driven by interest income, which partially offset the loss.


Arbutus Biopharma Corporation experienced a decline in revenue for the latest quarter, primarily due to lower collaborations and licenses revenue. Despite this, the company demonstrated strengths in securing partnerships and generating non-cash royalty revenue. However, the increase in operating expenses and the resulting loss from operations pose challenges for the company. Arbutus Biopharma Corporation needs to address these challenges and focus on revenue growth strategies to improve its financial performance in the future.

Source documents

Form 10-Q  filed on Nov 07, 2023
183 pages scanned

Reference data

Company financials Q3 revenue 2.1M
Analyst estimates Q3 EPS beat by 9.34%
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