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Silence Therapeutics (SLN) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Feb 27, 2025

Silence Therapeutics (SLN) reported revenue of $25.3M for the fourth quarter 2024 (Q4 2024) and up 17-fold from the quarter before. Operating margin was -17.2%, net earnings $12.3M (48.6% of revenue).

Revenue$25.3M
Year over year—
Quarter over quarter17×
Operating margin-17.2%
Net earnings$12.3M

Silence Therapeutics, Q4 2024: revenue $25.3M, operating margin -17.2%, net earnings $12.3M, operating cash flow −$27.5M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$25.3M17×—
Operating profit−$4.4M——
Net earnings$12.3M——
Operating cash flow−$27.5M——

What changed

Revenue was $25.3M in Q4 2024, up 1589% from the previous quarter.

Gross margin was 91.9%. Operating costs exceeded revenue by $4.4M, an operating margin of -17.2%. Net earnings were $12.3M. The effective tax rate was 2.6%. Non-operating items added $17.0M, 134% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$27.5M. Non-cash charges added back $76K of depreciation and $4.0M of share-based compensation. Working capital and other items used $43.8M. Capital expenditures of $62K exceeded it, leaving free cash flow of −$27.5M.

Questions

What was Silence Therapeutics' revenue in the fourth quarter 2024?

Silence Therapeutics (SLN) reported revenue of $25.3M for the fourth quarter 2024 (Q4 2024) and up 17-fold from the quarter before.

Was Silence Therapeutics profitable in the fourth quarter 2024?

Operating loss was $4.4M (-17.2% of revenue) and net earnings $12.3M.

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Source: Silence Therapeutics 10-K on SEC EDGAR.