Y-mAbs Therapeutics Inc (NAS:YMAB)
$ 13.18 -1.69 (-11.37%) Market Cap: 587.43 Mil Enterprise Value: 586.22 Mil PE Ratio: 0 PB Ratio: 6.16 GF Score: 53/100
Back to the Transcripts List

Q3 2024 Y-mAbs Therapeutics Inc Earnings Call Transcript

Nov 08, 2024 / 01:00PM GMT
Release Date Price: $15.48 (-0.45%)

Key Points

Positve
  • Y-mAbs Therapeutics Inc (YMAB) reported a 5% increase in Danyelza demand compared to the second quarter of 2024, indicating growing physician adoption.
  • The company added three new U.S. Danyelza accounts in the third quarter, expanding its reach.
  • Y-mAbs Therapeutics Inc (YMAB) received a patent extension for Danyelza in the U.S., extending its expiration to February 5th, 2034.
  • The company entered an exclusive license agreement with Noble Pharma for the development and commercialization of Danyelza in Japan, with potential milestone payments up to $31 million.
  • Y-mAbs Therapeutics Inc (YMAB) maintained a strong balance sheet with cash and cash equivalents of $68.1 million at the end of the third quarter of 2024.
Negative
  • Total net revenue for the third quarter of 2024 was $18.5 million, down 10% from the same period in 2023.
  • The company experienced a 19% decrease in ex-U.S. net product revenues compared to the third quarter of 2023, primarily due to a decline in volume from the European market.
  • Y-mAbs Therapeutics Inc (YMAB) reported a net loss of $7 million for the quarter ended September 30th, 2024.
  • The company faced competition from a new market entrant for maintenance therapy, impacting Danyelza's market share.
  • There was a $1.5 million charge in Q3 for Medicaid-related claims, affecting net revenues despite an increase in sales volume.
Operator

Good morning and welcome to Y-mAbs Therapeutics Inc third quarter conference call for 2024 at this time, all participants are in listen-only mode instruction for the question and answer session will follow the prepared remarks. As a reminder, today's conference will be recorded. I will now hand it over to Y-mAbs head of IR Courtney Dugan.

Courtney Dugan Y;mAbs Therapeutics Inc;Head of Investor Relations

Thank you operator and good morning, everyone. Welcome to the win a third quarter, 2024 financial results conference call. We issued a press release with our results this morning before market opened. The press release and accompanying slides are available on the IR section of our website. Let me quickly remind you that the following discussion contains certain statements that are considered forward-looking statements as defined in the private securities litigation Reform Act of 1,995. Such statements include but are not limited to statements about our business model, commercialization and product distribution plans expectations with

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.