Xeris Biopharma Holdings Inc (FRA:2B30)
€ 7.2 +0.090 (+1.27%) Market Cap: 1.27 Bil Enterprise Value: 1.39 Bil PE Ratio: 140.17 PB Ratio: 112.13 GF Score: 74/100

Q4 2024 Xeris Biopharma Holdings Inc Earnings Call Transcript

Mar 6, 2025 / 01:30 PM GMT
Release Date Price: €3.42 (-1.61%)

Key Points

Positve
  • Xeris Biopharma Holdings Inc (XERS) exceeded its full-year guidance with total revenue of over $203 million, marking a 24% growth compared to the previous year.
  • The company reported a 28% product revenue growth for 2024, driven by strong demand for its products, particularly Recole, which saw a 118% increase in revenue.
  • Xeris Biopharma Holdings Inc (XERS) achieved positive adjusted EBITDA in the fourth quarter of 2024 and expects to maintain this positive trend moving forward.
  • The company is guiding for a 30% year-over-year revenue growth in 2025, with expected total revenue between $255 and $275 million.
  • Xeris Biopharma Holdings Inc (XERS) successfully completed its phase 2 study for XP 8,121 and is preparing for phase 3, indicating progress in its pipeline development.
Negative
  • Caveyas brand experienced a 13% decline in revenue for the full year, although the number of patients on therapy remained stable.
  • The company anticipates continued pressure on reimbursement and net pricing for its products, similar to what was experienced in 2024.
  • Research and development expenses increased by $3.2 million compared to the prior year, driven by investments in XP 8,121 and technology platforms.
  • Selling, general, and administrative expenses rose by 12% for the year, partly due to a one-time charge related to CEO succession and corporate restructuring.
  • Xeris Biopharma Holdings Inc (XERS) faces challenges in identifying and reaching the full potential patient population for its products, particularly in the hypercortisolism market.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

XERS.OQ - Xeris Biopharma Holdings Inc
Q4 2024 Xeris Biopharma Holdings Inc Earnings Call
Mar 06, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Zerus BioPharma 4th quarter and full year 2024 financial results. My name is Harry and I'll be your operator today. All lines are currently in listen-only mode, and there will be an opportunity for Q&A after management's prepared remarks. If you would like to enter the queue for questions, please dial star followed by 1 on your telephone keypad. I would now like to hand the call over to Alison Way, senior Vice President of Investor relations and corporate communications.

Thank you. You may proceed.

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Unidentified_2 [2]
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