NASDAQ$ACRS

Aclaris Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Aclaris Therapeutics reported financial results for the third quarter of 2022 and provided a corporate update.

Aclaris Therapeutics reported total revenue of $19.0 million for the third quarter of 2022, compared to $1.7 million for the third quarter of 2021. The increase was driven by $17.9 million of licensing revenue, including $17.6 million from a non-exclusive patent license agreement with Lilly. Net loss was $20.0 million for the third quarter of 2022, compared to $21.1 million for the third quarter of 2021.

  • Completed Enrollment in Phase 2a Trial of Zunsemetinib in Hidradenitis Suppurativa; Topline Data Expected in Mid-first Half of 2023
  • Announced Patent License Agreement with Lilly for the Treatment of Alopecia Areata with Proceeds of $17.6 million
  • Successfully Completed ATI-2138 Phase 1 SAD (single ascending dose) Trial in November; Selected Ulcerative Colitis as First Clinical Development Target
  • Aclaris anticipates that its cash, cash equivalents and marketable securities as of September 30, 2022 will be sufficient to fund its operations through the end of 2025

Headline financials

Total Revenue

$19M

Previous: $1.66M+1046.4%
EPS (adj)

-$0.30

Previous: -$0.35+14.3%
R&D expenses

$23.7M

No prior period
G&A expenses

$5.81M

No prior period
Licensing expenses

$7.3M

No prior period
Revaluation of contingent consideration

$2.2M

No prior period
Capital Expenditures

-$500K

Previous: -$108K-363.0%
Free Cash Flow

-$20.5M

Previous: -$21.3M+3.8%
Net Income

-$20M

Previous: -$21.1M+5.6%
Operating Income

-$20.9M

Previous: -$20.3M-2.9%
Gross Profit

$18.1M

Previous: $560K+3131.3%
Cash & Equivalents

$248M

Previous: $53.6M+362.8%
Total Assets

$268M

Previous: $263M+1.6%
Stock-Based Comp

$4.19M

Previous: $3.7M+13.1%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$19M

Q3 2022+1,046.4%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Aclaris Therapeutics · $19M total across 2 segments · Q3 2022

  • Licensing
    $17.9M
  • Contract research
    $1.09M

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 Q3 2022

Historical avgQ3 2022

-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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