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Kane Biotech Inc (TSE:KNE)
:KNE
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -16.67%
|Next Earnings Date:Aug 21, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth driven by new product sales and service revenue streams. Strategic partnerships, regulatory approvals, and expansion into new markets were noted as positive developments. However, increased operating expenses and a decrease in cash reserves were challenges mentioned. Overall, the positive developments notably outweigh the drawbacks.Company Guidance
During Kane Biotech's Q3 2024 earnings call, the guidance highlighted several key achievements and future expectations. The company recorded its first commercial sales of revyve Antimicrobial Wound Gel, contributing to product sales of $598,000 for the quarter, compared to just $4,000 in Q3 2023. Total revenue reached $1,283,000, significantly up from $27,000 in the previous year, with a gross profit of $559,000. Operating expenses increased by 18% to $1,170,000. Despite these expenses, the net loss from continuing operations decreased by 45% to $679,000. Kane Biotech is anticipating further growth, with plans for additional distribution agreements, regulatory approvals, and the launch of new products, including DispersinB Wound Gel trials and potential enhancements to their Lumixa product. Additionally, a $3 million private placement was announced to support these initiatives.Significant Increase in Product Sales
Product sales for Q3 2024 were $598,000 compared to $4,000 in Q3 2023, primarily due to the first commercial sales of revyve Antimicrobial Wound Gel to the U.S. distributor ProgenaCare.
Introduction of New Revenue Streams
Product services revenue for Q3 2024 was $685,000, derived from animal health, manufacturing, and quality control services after the sale of STEM Animal Health subsidiary.
Improved Financial Performance
Total revenue for Q3 2024 was $1,283,000 compared to $27,000 in Q3 2023. Gross profit was $559,000 compared to $23,000 in the previous year.
Strategic Partnerships and Certifications
Kane Biotech received ISO 1345:2016 MDSAP quality certification and secured a licensing agreement with Omni Bioceutical Innovations for the DermaKB line.
Regulatory Approvals and Expansion
Received FDA approval to increase the dosage allowance for revyve Antimicrobial Wound Gel and Health Canada approval for the same product. Distribution agreements were announced for international markets.
Funding and Development Initiatives
NRC IRAP funding received for revyve Antimicrobial Wound Gel and the development of DispersinB Wound Gel, with participation from a major wound care company.
Acquisition of FB Dermatology
The agreement to acquire FB Dermatology is expected to enhance commercial reach and technology portfolio, including products like LumiHeal and Kleresca.
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TSE:KNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 28, 2024 | C$0.12 | C$0.12 | 0.00% |
| Aug 29, 2024 | C$0.16 | C$0.16 | 0.00% |
| May 23, 2024 | C$0.15 | C$0.13 | -13.33% |
| Mar 26, 2024 | C$0.10 | C$0.10 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kane Biotech Inc (TSE:KNE) report earnings?
Kane Biotech Inc (TSE:KNE) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Kane Biotech Inc (TSE:KNE) earnings time?
Kane Biotech Inc (TSE:KNE) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KNE EPS forecast?
Currently, no data Available
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