Karuna Therapeutics, Inc., a clinical-stage biopharmaceutical company, creates and delivers transformative medicines for people living with psychiatric and neurological conditions. Its lead product candidate is KarXT, an oral modulator of muscarinic receptors that is in Phase III clinical trial for the treatment of acute psychosis in patients with schizophrenia; and for the treatment of central nervous system disorders, such as negative and cognitive symptoms of schizophrenia and psychosis, as well as for the treatment of dementia-related psychosis. The company also focuses on developing other muscarinic-targeted drug candidates. Karuna Therapeutics, Inc. has a license agreement with Eli Lilly and Company, and Zai Lab (Shanghai) Co., Ltd; patent license agreement with PureTech Health LLC; and drug discovery partnership with Charles River Laboratories, as well as drug discovery collaboration with PsychoGenics, Inc. The company was formerly known as Karuna Pharmaceuticals, Inc. and changed its name to Karuna Therapeutics, Inc. in March 2019. Karuna Therapeutics, Inc. was incorporated in 2009 and is headquartered in Boston, Massachusetts.
Revenue of Karuna Therapeutics, Inc. (KRTX)
Revenue in 2023 (TTM): $654 K
According to Karuna Therapeutics, Inc.'s latest financial reports the company's current revenue (TTM) is $654 K. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Karuna Therapeutics, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $654 K | $-1,047,000 | $-493,076,000 | $-433,010,000 | $-433,680,000 |
| 2022 | $10.64 M | $9.53 M | $-289,676,000 | $-274,918,000 | $-276,336,000 |
| 2021 | $36.96 M | $36.46 M | $-143,151,000 | $-143,799,000 | $-143,805,000 |
| 2020 | $ | $-145,000 | $-68,511,000 | $-68,511,000 | $-68,554,000 |
| 2019 | $ | $-58,000 | $-42,877,000 | $-43,957,000 | $-44,844,000 |
| 2018 | $ | $ | $-14,479,000 | $-17,512,000 | $-17,512,000 |
| 2017 | $ | $ | $-4,805,000 | $-6,032,000 | $-6,032,000 |