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Stock impact report

Arcutis Biotherapeutics Inc (ARQT) Q3 2024 Earnings Call Highlights: Robust Growth and ... [Yahoo! Finance]

Arcutis Biotherapeutics, Inc. - Common stock (ARQT) 
Company Research Source: Yahoo! Finance
New Prescription Growth: Increased 23% quarter over quarter. Gross to Net Improvements: Improved to the low 50% range from the high 50s last quarter. Net Product Revenue: Achieved $44.8 million for the third quarter of 2024, reflecting 45% growth from the second quarter. R&D Expenses: $19.5 million, down 26% from the third quarter of 2023. SG&A Expenses: $58.8 million for the third quarter of 2024, up from $47.6 million in the same period last year. Cash and Marketable Securities: $331 million as of September 30. Cash Burn: $35 million for the quarter, a decrease of more than 23% quarter over quarter. Debt Repayment: Repaid $100 million of the debt facility, with the option to redraw through mid-2026. Warning! GuruFocus has detected 4 Warning Signs with ARQT. Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Arcutis Biotherapeutics Inc ( NASDAQ:ARQT ) reported a robust growth traje Show less Read more
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