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Ensysce Biosciences (ENSC) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 10, 2025

Ensysce Biosciences (ENSC) reported revenue of $1.3M for the fourth quarter 2024 (Q4 2024), +153% from a year earlier and -62% from the quarter before. Operating margin was -274.3%, net loss $3.6M (273.4% of revenue).

Revenue$1.3M
Year over year+153%
Quarter over quarter-62%
Operating margin-274.3%
Net earnings−$3.6M

Ensysce Biosciences, Q4 2024: revenue $1.3M (+153% year over year), operating margin -274.3%, net loss $3.6M, operating cash flow −$764K. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$1.3M-62%+153%
Operating profit−$3.6M——
Net earnings−$3.6M——
Operating cash flow−$764K——

What changed

Revenue was $1.3M in Q4 2024, up 153% year over year and down 62% from the previous quarter.

Operating costs exceeded revenue by $3.6M, an operating margin of -274.3%. Total costs grew 33% against revenue growth of 153%. The fastest-growing cost line was Research & development (+70%). The quarter ended with a net loss of $3.6M, after a profit of $662K the previous quarter.

Operating cash flow was −$764K. Non-cash charges added back $30K of share-based compensation. Working capital and other items added $2.8M.

Questions

What was Ensysce Biosciences' revenue in the fourth quarter 2024?

Ensysce Biosciences (ENSC) reported revenue of $1.3M for the fourth quarter 2024 (Q4 2024), +153% from a year earlier and -62% from the quarter before.

Was Ensysce Biosciences profitable in the fourth quarter 2024?

Operating loss was $3.6M (-274.3% of revenue) and net loss $3.6M.

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Source: Ensysce Biosciences 10-K on SEC EDGAR.