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Stock impact report

Delcath Systems Inc (DCTH) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]

Delcath Systems, Inc. (DCTH) 
US:NASDAQ Investor Relations: delcath.com/investors
Company Research Source: Yahoo! Finance
Delcath Systems Inc ( NASDAQ:DCTH ) reported strong revenue growth with $11.2 million in total revenue for Q3 2024, including $10 million from the U.S. market. The company successfully activated 12 treatment centers by the end of the third quarter, with plans to reach 20 centers by early 2025. Delcath Systems Inc ( NASDAQ:DCTH ) achieved a significant milestone by triggering a $25 million financing from warrant exercises. The company has no outstanding debt obligations, having fully matured and paid off loans with Avenue and Rosalind. Delcath Systems Inc ( NASDAQ:DCTH ) is in a strong financial position, with a cash flow break-even point on the horizon and adequate resources to fund further expansion. The company anticipates a slowdown in treatment rates during the fourth quarter due to the holiday season, potentially affecting short-term revenue. Research and development expenses are expected to increase significantly in 2025, ranging from $35 to $40 million, due to new Show less Read more
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