Why Iovance Biotherapeutics Stock Got Trounced on Thursday [Yahoo! Finance]
Iovance Biotherapeutics, Inc. (IOVA)
Last iovance biotherapeutics, inc. earnings: 2/25 04:01 pm
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Source: Yahoo! Finance
This was a direct consequence of its latest quarterly figures and operational update that were published after hours on Wednesday and received a fairly negative reaction from investors. The shares closed the day nearly 9% lower, in contrast to the S&P 500 index's gain of slightly over 0.5%. A big revenue miss for the fourth quarter Product revenue, which comprised Iovance's entire top line, came in at $482,000 for the company's fourth quarter. It didn't record any revenue in the same period of 2022. The biotech company's costs and expenses grew over that one-year period to nearly $122 million from $107 million. This is the main reason why the net loss deepened to over $116 million ($0.45 per share) from the year-ago shortfall of $105 million. Analysts had greater expectations for revenue. Collectively, they were estimating that Iovance would report a top line of $1.44 billion. The company also missed on the bottom line, although slightly, as those pundits were collectively exp
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IOVA
News
- Iovance Biotherapeutics to Host First Quarter 2024 Financial Results Conference Call and Webcast on Thursday, May 9, 2024GlobeNewswire
- Iovance Biotherapeutics to Present at Upcoming Conferences [Yahoo! Finance]Yahoo! Finance
- Iovance Biotherapeutics to Present at Upcoming ConferencesGlobeNewswire
- With 63% ownership of the shares, Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Where Will Iovance Biotherapeutics Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
IOVA
Earnings
- 2/28/24 - Miss
IOVA
Sec Filings
- 5/1/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- IOVA's page on the SEC website