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4D Molecular Therapeutics (FDMT) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Feb 28, 2025

4D Molecular Therapeutics (FDMT) reported revenue of $1K for the fourth quarter 2024 (Q4 2024) and -67% from the quarter before.

Revenue$1K
Year over year—
Quarter over quarter-67%
Operating margin—
Net earnings−$49.7M

4D Molecular Therapeutics, Q4 2024: revenue $1K, net loss $49.7M, operating cash flow −$45.9M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$1K-67%—
Operating profit−$56.1M——
Net earnings−$49.7M——
Operating cash flow−$45.9M——

What changed

Revenue was $1K in Q4 2024, down 67% from the previous quarter.

Operating costs exceeded revenue by $56.1M, an operating margin of -5611700.0%. The quarter ended with a net loss of $49.7M, wider than the previous quarter's $43.8M loss.

Operating cash flow was −$45.9M. Non-cash charges added back $1.1M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $4.9M. Capital expenditures of $949K exceeded it, leaving free cash flow of −$46.8M.

Questions

What was 4D Molecular Therapeutics' revenue in the fourth quarter 2024?

4D Molecular Therapeutics (FDMT) reported revenue of $1K for the fourth quarter 2024 (Q4 2024) and -67% from the quarter before.

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Source: 4D Molecular Therapeutics 10-K on SEC EDGAR.