NASDAQ$ACRS

Aclaris Therapeutics Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Aclaris Therapeutics reported its first quarter 2025 financial results, highlighting progress in its clinical programs and an extended cash runway.

Aclaris Therapeutics reported a net loss of $15.1 million for the first quarter of 2025, an improvement from the $16.9 million loss in Q1 2024. Total revenue for the quarter was $1.5 million. The company ended the quarter with $190.5 million in cash, cash equivalents, and marketable securities, extending its cash runway through the first half of 2028.

  • Net loss improved to $15.1 million in Q1 2025 from $16.9 million in Q1 2024.
  • Total revenue for Q1 2025 was $1.5 million, down from $2.4 million in Q1 2024.
  • Cash, cash equivalents, and marketable securities stood at $190.5 million as of March 31, 2025, extending the cash runway through the first half of 2028.
  • The company plans to initiate a Phase 2 trial for bosakitug in Atopic Dermatitis and a Phase 1 trial for ATI-052 in Q2 2025.

Headline financials

Total Revenue

$1.46M

Previous: $2.4M-39.3%
EPS (adj)

-$0.12

Previous: -$0.24+50.0%
R&D expenses

$11.6M

Previous: $9.85M+17.7%
G&A expenses

$6.14M

Previous: $6.84M-10.3%
Licensing expenses

$1.01M

Previous: $1.03M-2.0%
Revaluation of contingent consideration

$300K

Previous: $2.8M-89.3%
Interest income

$2.17M

Previous: $1.99M+8.8%
Non-cash royalty income

$833K

No prior period
Stock-based compensation expense

$3.54M

Previous: $2.09M+69.2%
Capital Expenditures

-$43K

Previous: -$135K+68.1%
Net Income

-$15.1M

Previous: -$16.9M+11.0%
Operating Income

-$18.1M

Previous: -$18.9M+4.5%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$1.46M

Q1 2025-39.3%vs Q1 2024
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 Therapeutics expects its current cash, cash equivalents, and marketable securities to fund operations through the first half of 2028, supporting its preclinical and clinical development plans. The company aims to prioritize clinical execution and achieve development milestones.

Tailwinds

  • Expected cash runway extends through the first half of 2028, fully funding preclinical and clinical development plans.
  • Initiation of enrollment in a placebo-controlled two-arm Phase 2 trial for bosakitug in Atopic Dermatitis expected in Q2 2025.
  • IND application for bispecific antibody ATI-052 cleared by U.S. FDA, with Phase 1 trial initiation expected in Q2 2025.
  • Top-line results from Phase 2a trial for ATI-2138 in Atopic Dermatitis expected in June 2025.
  • Injunction against Sun Pharmaceuticals lifted, potentially providing an additional opportunity for non-dilutive financing.

Headwinds

  • Further global development of bosakitug in respiratory indications will be dependent on partnerships.
  • The company's ability to enter into strategic partnerships on commercially reasonable terms is uncertain.
  • Reliance on third parties for clinical trials over which the company may not always have full control.
  • Uncertainty regarding the macroeconomic environment could impact operations.
  • Risks and uncertainties described in the 'Risk Factors' section of Aclaris' Annual Report on Form 10-K for the year ended December 31, 2024, could cause actual results to differ materially.

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 2025

Historical avgQ1 2025

-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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