NASDAQ$ACRS

Aclaris Therapeutics Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Aclaris Therapeutics reported financial results for the second quarter of 2023 and provided a corporate update.

Aclaris Therapeutics reported a net loss of $29.6 million on total revenue of $1.9 million for the second quarter of 2023. The company's cash, cash equivalents, and marketable securities totaled $210.8 million as of June 30, 2023, which is expected to fund operations through the end of 2025.

  • Completed enrollment in Phase 2b trial of zunsemetinib in rheumatoid arthritis, with data expected in Q4 2023.
  • Phase 2a trial of zunsemetinib in psoriatic arthritis is ongoing, with topline data expected in the first half of 2024.
  • Phase 2b trial of ATI-1777 in atopic dermatitis is ongoing, with topline data expected in the second half of 2023.
  • Aclaris expects to report data for ATI-2138 in September 2023 and initiate clinical development activities for ATI-2231 in the second half of 2023.

Headline financials

Total Revenue

$1.87M

Previous: $1.53M+22.3%
EPS (adj)

-$0.42

Previous: -$0.31-35.5%
Capital Expenditures

-$784K

Previous: -$350K-124.0%
Free Cash Flow

-$30.4M

Previous: -$20.9M-45.4%
Net Income

-$29.6M

Previous: -$20.5M-44.0%
Operating Income

-$31.8M

Previous: -$21M-51.5%
Gross Profit

$827K

Previous: $460K+79.8%
Cash & Equivalents

$211M

Previous: $68.3M+208.8%
Total Assets

$236M

Previous: $278M-15.2%
Stock-Based Comp

$6.52M

Previous: $3.69M+76.7%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$1.87M

Q2 2023+22.3%vs Q2 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Aclaris Therapeutics · $1.87M total across 2 segments · Q2 2023

  • Licensing
    $994K
  • Contract research
    $875K

Forward guidance

Aclaris anticipates that its cash, cash equivalents and marketable securities as of June 30, 2023 will be sufficient to fund its operations through the end of 2025.

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 Q2 2023

Historical avgQ2 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

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