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0.000588029226303636 -0.0041036933239917 -0.00379091182063863 0.000900810729656592 0.000588029226303636 0.0199804824341907 0.0274872385146631 0.00684365929336408
Stock impact report

Iovance's (IOVA) Q4 Earnings & Sales Fall Short of Estimates [Yahoo! Finance]

Iovance Biotherapeutics, Inc. (IOVA) 
Last iovance biotherapeutics, inc. earnings: 2/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: iovance.com
Company Research Source: Yahoo! Finance
In the year-ago quarter, the company reported a loss of 64 cents. During the quarter, the company generated total revenues of $0.5 million — entirely from product sales of its recently-acquired interleukin-2 (IL-2) product Proleukin (aldesleukin). The reported sales missed the Zacks Consensus Estimate of $1.3 million. In the year-ago quarter, Iovance did not record any revenues. Quarter in Detail Following the completion of worldwide rights to Proleukin from U.K.-based Clinigen Limited in May 2023, Iovance is now a commercial-stage company. Proleukin is approved by the FDA to treat two cancer indications in adults — metastatic renal cell carcinoma (mRCC) and metastatic melanoma. The reported Proleukin sales of $0.5 million also missed our model estimates of $2 million. Shares of Iovance were down 4.2% in after-market trading on Feb 28, likely due to the lower-than-anticipated Proleukin sales. Year to date, the stock has surged 114.4% compared with the industry's 2.1% rise. Show less Read more
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