)

Lumos Pharma (LUMO) investor relations material
Lumos Pharma Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Entered definitive merger agreement for acquisition by Double Point Ventures LLC at $4.25/share plus contingent value rights (CVRs); transaction expected to close by year-end 2024, subject to conditions.
LUM-201 Phase 2 trials met all endpoints; FDA alignment reached on Phase 3 design, with trial initiation targeted for Q2 2025 pending merger completion.
Company remains focused on LUM-201 for pediatric growth hormone deficiency (PGHD) and exploring additional indications as resources allow.
Financial highlights
Q3 2024 royalty revenue was $0.7M, up from $7K in Q3 2023, driven by ERVEBO® vaccine sales; nine-month royalty revenue was $1.4M, up 13% year-over-year.
Q3 2024 net loss was $7.5M ($0.90/share), improved from $8.3M ($1.04/share) in Q3 2023; nine-month net loss was $25.5M ($3.11/share), compared to $24.6M ($3.01/share) in 2023.
Operating expenses for Q3 2024 were $8.4M, down 6% year-over-year; R&D expenses decreased 18% to $4.2M, while G&A increased 8% to $4.2M.
Cash and equivalents at September 30, 2024 were $13.5M, down from $35.1M at year-end 2023; accumulated deficit reached $187.0M.
Outlook and guidance
Substantial doubt exists about ability to continue as a going concern; current cash is insufficient to fund operations for 12 months from filing date.
If the merger does not close, company will need to secure additional capital or may be forced to further delay, reduce, or cease operations.
Phase 3 LUM-201 trial initiation is contingent on closing of the merger and securing necessary funding.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage