Filing Flows › MeiraGTx Holdings (MGTX) › Q4 2024
MeiraGTx Holdings (MGTX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
MeiraGTx Holdings (MGTX) reported revenue of $21.4M for the fourth quarter 2024 (Q4 2024), +949% from a year earlier and +96% from the quarter before. Operating margin was -147.2%, net loss $39.4M (184.2% of revenue).
MeiraGTx Holdings, Q4 2024: revenue $21.4M (+948% year over year), operating margin -147.2%, net loss $39.4M, operating cash flow −$23.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.4M | +96% | +949% |
| Operating profit | −$31.5M | — | — |
| Net earnings | −$39.4M | — | — |
| Operating cash flow | −$23.3M | — | — |
What changed
Revenue was $21.4M in Q4 2024, up 949% year over year and up 96% from the previous quarter.
Operating costs exceeded revenue by $31.5M, an operating margin of -147.2%. Total costs grew 15% against revenue growth of 949%. The fastest-growing cost line was General & admin (+41%). The quarter ended with a net loss of $39.4M, wider than the previous quarter's $39.3M loss.
Operating cash flow was −$23.3M. Non-cash charges added back $3.1M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $6.9M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$24.5M.
Questions
What was MeiraGTx Holdings' revenue in the fourth quarter 2024?
MeiraGTx Holdings (MGTX) reported revenue of $21.4M for the fourth quarter 2024 (Q4 2024), +949% from a year earlier and +96% from the quarter before.
Was MeiraGTx Holdings profitable in the fourth quarter 2024?
Operating loss was $31.5M (-147.2% of revenue) and net loss $39.4M.
Source: MeiraGTx Holdings 10-K on SEC EDGAR.