Mar. 11 at 8:14 PM
$MXCT
Earnings
Total revenue of
$8.7 million in the fourth quarter of 2024, a decrease of 45% over the fourth quarter of 2023.
The decrease in total revenue was due to multiple one-time approval milestones in the fourth quarter of 2023.
Core business revenue of
$8.6 million in the fourth quarter of 2024, an increase of 20% over the fourth quarter of 2023.
Strategic Platform License (SPL) Program-related revenue was
$0.1 million for the fourth quarter of 2024, compared to
$8.5 million in the fourth quarter of 2023.
Total revenue of
$38.6 million for the full year 2024, a decrease of 6% over the full year 2023.
Core business revenue of
$32.5 million for the full year 2024, an increase of 9% over the full year 2023.
SPL Program-related revenue was
$6.1 million for the full year 2024, compared to
$11.5 million in full year 2023.
Total cash, cash equivalents and investments were
$190.3 million as of December 31, 2024.
