Arcturus Therapeutics Q1 revenue drops sharply, net loss widens

Arcturus Therapeutics Holdings

07/05/2026 21:09

Overview

mRNA therapeutics developer's Q1 revenue fell sharply yr/yr as collaboration revenue declined

Net loss widened in Q1 compared to prior year

Operating expenses declined, mainly due to lower LUNAR-COVID program costs

Outlook

Company says cash runway extends beyond Q2 2028

Arcturus plans End of Phase 2 meeting for OTC deficiency program in H2 2026

Company is preparing for clinical and regulatory milestones in rare disease pipeline

Result Drivers

REVENUE DECLINE - Lower revenue recognized under CSL collaboration as company pivots from infectious disease vaccine development to rare disease clinical programs

LOWER LUNAR-COVID COSTS - Decrease in operating expenses mainly due to lower manufacturing and clinical trial costs related to LUNAR-COVID program, as well as reduced payroll and benefits costs

HIGHER LUNAR-OTC COSTS - Increased manufacturing costs related to LUNAR-OTC partially offset overall expense reductions

Company press release: ID:nBw5QGySDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Collaboration Revenue
$610,000
Q1 Net Income
-$26.96 mln
Q1 Basic EPS
-$0.95
Q1 Operating Expenses
$30.99 mln
Q1 Operating Income
-$28.93 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for Arcturus Therapeutics Holdings Inc is $20.50, about 124.5% above its May 6 closing price of $9.13

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)