NASDAQ$ACRS

Aclaris Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Aclaris Therapeutics reported financial results for the fourth quarter and full year of 2022.

Aclaris Therapeutics reported a net loss of $27.6 million for the fourth quarter of 2022, compared to a net loss of $22.8 million for the fourth quarter of 2021. Total revenue was $7.8 million for the fourth quarter of 2022, compared to $1.5 million for the fourth quarter of 2021.

  • Aclaris anticipates cash, cash equivalents and marketable securities as of December 31, 2022 will be sufficient to fund operations through the end of 2025.
  • Net loss was $27.6 million for the fourth quarter of 2022 compared to $22.8 million for the fourth quarter of 2021.
  • Total revenue was $7.8 million for the fourth quarter of 2022 compared to $1.5 million for the fourth quarter of 2021.
  • Research and development expenses were $21.1 million for the quarter ended December 31, 2022 compared to $14.1 million for the prior year period.

Headline financials

Total Revenue

$7.75M

Previous: $1.5M+416.5%
EPS (adj)

-$0.41

Previous: -$0.37-10.8%
R&D expenses

$21.1M

Previous: $14.1M+49.4%
G&A expenses

$7.15M

Previous: $6.94M+2.9%
Licensing expenses

$637K

No prior period
Revaluation of contingent consideration

$7.1M

Previous: $2.2M+222.7%
Capital Expenditures

$105K

Previous: $200K-47.5%
Free Cash Flow

-$19.2M

Previous: -$17.3M-11.3%
Net Income

-$27.6M

Previous: -$22.8M-21.2%
Operating Income

-$29.1M

Previous: -$22.9M-27.0%
Gross Profit

$6.24M

Previous: $352K+1672.4%
Cash & Equivalents

$230M

Previous: $27.3M+740.3%
Total Assets

$255M

Previous: $251M+1.3%
Stock-Based Comp

$4.81M

Previous: $3.85M+25.0%

Revenue & EPS history

Aclaris Therapeutics · Revenue · Quarterly

$7.75M

Q4 2022+416.5%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Aclaris Therapeutics · $7.59M total across 2 segments · Q4 2022

  • Licensing
    $6.72M
  • Contract research
    $866K

Forward guidance

Aclaris Therapeutics anticipates that its cash, cash equivalents and marketable securities as of December 31, 2022 will be sufficient to fund its operations through the end of 2025, without giving effect to any potential business development transactions or financing activities.

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 Q4 2022

Historical avgQ4 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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