Geron (GERN) Revenue — Quarter Ended Sep 30, 2024
Revenue surged dramatically in the reported quarter, reflecting a material inflection point for the company. The sharp rise followed notably lower levels in both the preceding quarter and the same period a year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue surged dramatically in the reported quarter, reflecting a material inflection point for the company. The sharp rise followed notably lower levels in both the preceding quarter and the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$28.3M
Revenue reported for this quarter.
Quarter-over-quarter
+3105.3%
Change from the immediately preceding quarter.
Year-over-year
+17138.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.5M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $23K | -77.7% |
| Mar 31, 2024 | $304K | +1347.6% |
| Jun 30, 2024 | $882K | +2941.4% |
| Sep 30, 2024 | $28.3M | +17138.4% |
Revenue performance
Revenue for the quarter was considerably higher than the immediately prior quarter, as well as the comparable quarter one year ago. The sequential and year-over-year comparisons both indicate a step-change in top-line activity.
Quarterly comparison
Compared to the preceding quarter, revenue experienced an exceptionally large increase, and relative to the same quarter one year earlier, the growth was even more pronounced. The multi-quarter trend underscores a departure from prior minimal revenue levels.
What to watch
Investors should monitor whether the revenue spike is sustainable in subsequent quarters or if it represents a one-time event.