NASDAQ$ACRS

Aclaris Therapeutics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Aclaris Therapeutics reported financial results for Q1 2023 and provided a corporate update.

Aclaris Therapeutics reported a net loss of $28.2 million on total revenue of $2.5 million for the first quarter of 2023. The company's cash, cash equivalents, and marketable securities totaled $204.4 million as of March 31, 2023, and anticipates funding operations through the end of 2025.

  • Aclaris is advancing clinical stage development programs toward data milestones.
  • Topline data for zunsemetinib in rheumatoid arthritis is expected in the fourth quarter of 2023.
  • Topline data for zunsemetinib in psoriatic arthritis is now expected in the first half of 2024.
  • Topline data for ATI-1777 in atopic dermatitis is projected in the second half of 2023.

Headline financials

Total Revenue

$2.53M

Previous: $1.45M+74.0%
EPS (adj)

-$0.42

Previous: -$0.31-35.5%
Licensing expenses

$1.06M

No prior period
Capital Expenditures

-$553K

Previous: -$164K-237.2%
Free Cash Flow

-$28.7M

Previous: -$19M-51.5%
Net Income

-$28.2M

Previous: -$18.8M-49.9%
Operating Income

-$29.9M

Previous: -$18.9M-58.2%
Gross Profit

$1.72M

Previous: $298K+477.2%
Cash & Equivalents

$204M

Previous: $36.3M+462.4%
Total Assets

$230M

Previous: $227M+1.4%
Stock-Based Comp

$6.81M

Previous: $2.35M+190.1%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$2.53M

Q1 2023+74%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Aclaris Therapeutics · $2.53M total across 2 segments · Q1 2023

  • Licensing
    $1.64M
  • Contract research
    $889K

Forward guidance

Aclaris anticipates that its cash, cash equivalents and marketable securities as of March 31, 2023 in combination with the $26.7 million in net proceeds from sales under the ATM facility subsequent to quarter end, will be sufficient to fund its operations through the end of 2025, without giving effect to any potential business development transactions or additional financing activities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.2%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-0.7%

Avg return

30 days after

38%

16 / 42 earnings

Positive

+22.7%

Q4 2018

Best reaction

-15.3%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%+1.9%-8.8%
Q4 2025-5.2%-8.2%+6.3%
Q3 2025-4.7%-9.7%+23.7%
Q1 2025-0.8%-3.8%+9.9%
Q4 2024-7.1%-8.1%-24.3%
Q3 2024+10.4%+18.5%+77.5%
Q2 2024-4.1%-6.6%-4.1%
Q1 2024-6.9%-10.7%-21.4%
Q4 2023-1.7%+2.5%+2.5%
Q3 2023+0.9%-11.5%-81.0%
Q2 2023-12.1%-16.5%-23.4%
Q1 2023-7.8%-12.1%+4.5%
Q4 2022-4.9%-1.8%-36.9%
Q3 2022+4.3%+9.3%-0.2%
Q2 2022+18.1%+26.8%+20.6%
Q1 2022-8.9%-4.5%+35.3%
Q4 2021+14.3%+11.3%+33.5%
Q3 2021-12.4%-11.0%-31.4%
Q2 2021+4.1%+1.4%+21.2%
Q1 2021-2.2%-8.6%-8.8%
Q4 2020+7.8%+12.5%+11.4%
Q3 2020+7.0%+7.5%+0.8%
Q2 2020+11.3%+12.8%+9.7%
Q1 2020+12.7%+10.3%+13.5%
Q4 2019-14.0%-20.3%-18.2%
Q3 2019+20.4%+11.7%+2.5%
Q2 2019-11.8%-18.8%-1.0%
Q1 2019-11.2%-14.7%-29.0%
Q4 2018+22.7%+8.7%-7.8%
Q3 2018-1.8%-13.2%-29.8%
Q2 2018-4.6%-3.9%-11.9%
Q1 2018-0.5%+4.2%+1.4%
Q4 2017-6.7%-12.5%-18.4%
Q3 2017-5.7%-3.2%-7.9%
Q2 2017-0.1%-7.1%+1.4%
Q1 2017+6.3%+5.8%+0.6%
Q4 2016-4.9%-5.2%+5.8%
Q3 2016-1.0%-2.7%+39.7%
Q2 2016+3.1%+7.0%+15.0%
Q1 2016-15.3%
Q4 2015-3.9%
Q3 2015+5.8%
Q2 2015
Q4 2014
Q3 2014
Q2 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro