NASDAQ$ACRS

Aclaris Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Aclaris Therapeutics reported first quarter 2024 financial results.

Aclaris Therapeutics reported a net loss of $16.9 million and total revenue of $2.4 million for the first quarter of 2024. The company is progressing ATI-2138 into a Phase 2a trial for atopic dermatitis and seeking a partner for lepzacitinib. They had cash, cash equivalents, and marketable securities of $161.4 million as of March 31, 2024.

  • Aclaris plans to progress ATI-2138 into a Phase 2a trial in subjects with moderate to severe atopic dermatitis.
  • Aclaris is progressing to development candidate selection a second generation ITK selective inhibitor for autoimmune indications.
  • Aclaris is currently seeking a global development and commercialization partner for Lepzacitinib (excluding Greater China).
  • Aclaris plans to support Washington University in St. Louis in its investigator-initiated Phase 1b/2 trials of zunsemetinib as a potential treatment for pancreatic cancer and metastatic breast cancer.

Headline financials

Total Revenue

$2.4M

Previous: $2.53M-5.1%
EPS

-$0.24

Previous: -$0.42+42.9%
R&D expenses

$9.85M

No prior period
G&A expenses

$6.84M

No prior period
Licensing expenses

$1.03M

Previous: $1.06M-2.8%
Revaluation of contingent consideration

$2.8M

No prior period
Interest income

$1.99M

No prior period
Stock-based compensation expense

$2.09M

No prior period
Capital Expenditures

-$135K

Previous: -$553K+75.6%
Free Cash Flow

-$17.1M

Previous: -$28.7M+40.5%
Net Income

-$16.9M

Previous: -$28.2M+39.8%
Operating Income

-$18.9M

Previous: -$29.9M+36.7%
Gross Profit

$1.59M

Previous: $1.72M-7.6%
R&D Expense

$9.85M

No prior period
Stock-Based Comp

$2.09M

Previous: $6.81M-69.3%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$2.4M

Q1 2024-5.1%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Aclaris Therapeutics · $9.28M total across 2 segments · Q3 2023

  • Licensing
    $8.58M-52.1%
  • Contract research
    $705K-35.3%

Forward guidance

Aclaris anticipates payments associated with exit activities to be substantially completed by the second quarter of 2024, and expects significantly lower quarterly cash expenditures in future quarters. They are undergoing a strategic review of its business.

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 2024

Historical avgQ1 2024

-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

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