Cytokinetics reports Q3 EPS ($1.36), consensus ($1.25)

Reports Q3 revenue $ $463K, consensus $1.19M.”The progress we made in the third quarter reflects disciplined planning and prudent capital deployment throughout 2024 that has laid the foundation for our specialty cardiology business. The submission of the NDA for aficamten is an important regulatory milestone that brings us one step closer to the potential approval and commercial launch of aficamten in the United States alongside the scale-up of global workstreams,” said Robert I. Blum, Cytokinetics (CYTK)’ President and Chief Executive Officer. “While aficamten remains our top priority, our development pipeline is advancing and expanding with later-stage cardiovascular drug candidates as well as an earlier potential medicine focused to neuromuscular indications. With more than $1 billion on the balance sheet and access to additional long-term capital, we are well-funded and well-prepared to sustain momentum into 2025 with objective to deliver on the promise of our science for patients and to deliver meaningfully increased value to shareholders.”