Immunovant Provides Corporate Updates and Reports Financial Results for the Fourth Quarter and Fiscal Year Ended March 31, 2024
Financial Highlights for Fiscal Fourth Quarter Ended March 31, 2024:
- Financial Highlights for Fiscal Fourth Quarter Ended March 31, 2024:
Cash Position: As of March 31, 2024, Immunovant’s cash and cash equivalents totaled approximately $635 million. - Financial Highlights for Fiscal Year Ended March 31, 2024:
R&D Expenses: Research and development expenses were $212.9 million for the fiscal year ended March 31, 2024, compared to $160.3 million for the fiscal year ended March 31, 2023. - G&A Expenses: General and administrative expenses were $57.3 million for the fiscal year ended March 31, 2024, compared to $48.0 million for the fiscal year ended March 31, 2023.
- Net loss for the fiscal year ended March 31, 2024 and 2023 included $41.1 million and $32.3 million, respectively, related to non-cash stock-based compensation expense.