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NASDAQ:PRTA

Prothena Q3 2024 Earnings Results & Report

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Prothena beat analyst earnings expectations but missed on revenue in its Q3 2024 results, released November 12, 2024. The company reported EPS of -$1.10 versus the -$1.18 consensus estimate, while revenue of $0.97 million fell short of the $1.22 million estimate by $0.25 million. Revenue decreased 98.9% year over year.

Earnings Announcement Details

Quarter
Q3 2024
Time
After Market Closes
Conference Call
4:00 PM ET

Prothena EPS Results

Actual EPS
-$1.10
Consensus EPS
-$1.18
Beat/Miss
Beat by +$0.08
One Year Ago EPS
$0.38
EPS Beat Rate
4 of last 8 quarters

Prothena Revenue Results

Actual Revenue
$0.97 million
Expected Revenue
$1.22 million
Beat/Miss
Missed by -$250.00 thousand
YoY Revenue Growth
-98.90%

Upcoming Earnings

Prothena's Q3 2026 earnings is estimated for Thursday, November 5, 2026, based on past reporting schedules, with a conference call scheduled at 4:00 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

Prothena Q3 2024 Earnings FAQ

Prothena (NASDAQ:PRTA) reported earnings of -$1.10 per share for Q3 2024, beating the consensus estimate of -$1.18. The report was announced on Tuesday, November 12, 2024.

Prothena reported revenue of $0.97 million for Q3 2024, against a consensus estimate of $1.22 million.

Prothena's next earnings date is estimated for Thursday, November 5, 2026. MarketBeat tracks confirmed and estimated earnings dates for Prothena on the company's earnings history page.

Prothena Earnings Headlines

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About Prothena

Prothena (NASDAQ:PRTA) is a clinical-stage biotechnology company focused on discovering and developing therapies for diseases caused by protein misfolding or abnormal protein accumulation. Its research programs target neurological and systemic disorders, including Alzheimer’s disease, Parkinson’s disease, and transthyretin amyloidosis.

The company’s pipeline has included PRX012, an investigational next-generation antibody targeting amyloid beta for Alzheimer’s disease; prasinezumab, an anti-alpha-synuclein antibody being developed for Parkinson’s disease through a collaboration with Roche; and birtamimab, an investigational treatment designed to target misfolded light chains associated with AL amyloidosis. These candidates remain subject to clinical testing and regulatory review, and Prothena does not have a broad portfolio of commercially marketed products.

Prothena was established in 2012 following the separation of neuroscience assets from Elan Corporation. The company is incorporated in Ireland and conducts research and development through operations and partnerships serving international markets. Its business model centers on applying expertise in protein biology and antibody development to create potential treatments for serious diseases with limited therapeutic options.

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