Bluebird Bio Q2 2024 Earnings Call Transcript
WEB Q2 2024 Results Conference Call
August 14, 2024
WEB reported revenue results for the three months ended June 30, 2024. The company reported a net revenue of $161 million in the second quarter of 2024. This was a 15% increase from the $140 million reported in the second quarter of 2023.
The company's cash runway is expected to extend into Q2 2025 based on current projections. This is an extension from the previous projection of Q1 2025.
Bluebird bio maintains a positive outlook despite a projected dip in third-quarter revenue. The company expects a rebound in the fourth quarter.
Key highlights from the conference call include:
- Net revenue of $161 million in Q2 2024, a 15% increase YoY
- Cash runway extended into Q2 2025
- Projected dip in third-quarter revenue, but a rebound expected in Q4
- 1-year target estimate of $378
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