NASDAQ$ACRS

Aclaris Therapeutics Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Aclaris Therapeutics reported its Q3 2024 financial results, marking the dosing of the first patient in the Phase 2a trial of ATI-2138 for moderate to severe atopic dermatitis.

Aclaris Therapeutics reported a decrease in revenue for the third quarter of 2024, primarily driven by lower milestone payments compared to the previous year. The company highlighted the dosing of the first patient in the Phase 2a trial of ATI-2138 for atopic dermatitis and anticipates top-line data in the first half of 2025.

  • First patient dosed in the Phase 2a trial of ATI-2138 for atopic dermatitis.
  • Aclaris is progressing a second-generation ITK selective inhibitor to development candidate selection for autoimmune indications.
  • Aclaris is seeking a global development and commercialization partner for lepzacitinib (excluding Greater China).
  • Aclaris plans to support investigator-initiated trials of zunsemetinib for pancreatic and metastatic breast cancer.

Headline financials

Total Revenue

$4.35M

Previous: $9.28M-53.2%
EPS

-$0.11

Previous: -$0.41+73.2%
Capital Expenditures

-$121K

Previous: -$868K+86.1%
Free Cash Flow

-$7.71M

Previous: -$30.1M+74.4%
Net Income

-$7.59M

Previous: -$29.3M+74.1%
Operating Income

-$10.5M

Previous: -$31.6M+66.8%
Gross Profit

$3.69M

Previous: $8.43M-56.2%
R&D Expense

$5.96M

Previous: $23.9M-75.1%
Stock-Based Comp

$3M

Previous: $5.95M-49.5%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$4.35M

Q3 2024-53.2%vs Q3 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 that its cash, cash equivalents and marketable securities as of September 30, 2024 will be sufficient to fund its operations into 2028, without giving effect to any potential business development transactions, financing activities or the outcome of its strategic review.

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 2024

Historical avgQ3 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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