Arcturus Therapeutics (NASDAQ:ARCT) Posts Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Arcturus Therapeutics (NASDAQ:ARCT) issued its quarterly earnings results on Thursday. The biotechnology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.43, FiscalAI reports. The business had revenue of $18.30 million during the quarter, compared to the consensus estimate of $8.00 million. Arcturus Therapeutics had a negative return on equity of 46.54% and a negative net margin of 317.62%.

Here are the key takeaways from Arcturus Therapeutics’ conference call:

• ARCT-2601 advances with a new delivery platform: Arcturus reported 38-fold greater potency for LUNAR 2.0 than its earlier formulation in non-human primates and plans to start a Phase II study in Q1 2027, enrolling up to six patients. Top-line data are expected in the second half of 2027, though the clinical benefit of the delivery improvement remains unproven.
• CF program progresses, with safety encouraging but efficacy still pending: The company expects to complete enrollment of up to 20 patients receiving ARCT-032 by year-end and present full Phase II data in Q2 2027. It reported no significant safety events to date and said some patients completed 12 weeks of treatment; the timing of a go/no-go decision remains unspecified, and efficacy data have not yet been reported.
• Cash runway extends through year-end 2028: Arcturus reported $184.8 million in cash and equivalents at September 30 and said it expects its resources to fund operations for more than two years.
• Nine-month net loss widened: Net loss was $58.2 million for the first nine months of 2026, versus $36.7 million a year earlier, while revenue fell to $23.3 million from $74.8 million, primarily reflecting the prior-year CSL collaboration revenue and lower BARDA grant revenue.
• Arcturus regained KOSTAIVE marketing rights in Europe and the U.K.: The company said the transfer from CSL Seqirus supports potential commercial activities in those markets in 2027; it plans to seek a U.S. commercial partner, while Meiji continues commercialization in Japan.

Arcturus Therapeutics Price Performance

Shares of NASDAQ ARCT traded up $1.01 during mid-day trading on Friday, hitting $10.38. The company had a trading volume of 338,849 shares, compared to its average volume of 630,684. Arcturus Therapeutics has a 12 month low of $5.50 and a 12 month high of $17.96. The stock has a market cap of $294.86 million, a price-to-earnings ratio of -3.13 and a beta of 2.62. The firm’s 50 day simple moving average is $13.22 and its two-hundred day simple moving average is $9.04.

Analysts Set New Price Targets

A number of research firms have commented on ARCT. Leerink Partners lifted their price objective on shares of Arcturus Therapeutics from $13.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. BTIG Research dropped their target price on shares of Arcturus Therapeutics from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Cantor Fitzgerald restated an “overweight” rating on shares of Arcturus Therapeutics in a research report on Thursday, September 24th. Zacks Research raised shares of Arcturus Therapeutics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Finally, Roth Capital reaffirmed a “buy” rating and set a $41.00 price objective on shares of Arcturus Therapeutics in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.29.

About Arcturus Therapeutics

Arcturus Therapeutics Holdings Inc is a biotechnology company headquartered in San Diego, California, focused on developing medicines based on messenger RNA (mRNA) and other RNA technologies. The company’s platform includes LUNAR, a lipid-mediated delivery system designed to transport nucleic acids into cells, as well as technologies for producing and administering mRNA and self-amplifying RNA.

The company’s development programs address infectious diseases and rare genetic disorders. Arcturus has developed KOSTAIVE, a self-amplifying mRNA COVID-19 vaccine known as ARCT-154, in collaboration with CSL.