NASDAQ$ALT
Altimmune Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced financial results for the third quarter of 2023 and provided a business update.
Altimmune reported a net loss of $20.7 million, or $0.39 per share, for the three months ended September 30, 2023. The company's cash, cash equivalents, and short-term investments totaled $140.8 million as of September 30, 2023. Top-line data from the MOMENTUM Phase 2 obesity trial is expected in Q4 2023, and top-line results from the Phase 2 trial of HepTcell in chronic hepatitis B are expected in Q1 2024.
- Top-line 48-week results from the MOMENTUM Phase 2 obesity trial are expected in Q4 2023.
- Pemvidutide was granted Fast Track designation for the treatment of non-alcoholic steatohepatitis (NASH).
- Top-line results from the Phase 2 trial of HepTcell™ in chronic hepatitis B (CHB) are expected in Q1 2024.
- Enrollment commenced in IMPACT Phase 2b NASH trial.
Headline financials
Revenue & EPS history
Altimmune · Revenue · Quarterly
$362K
Forward guidance
The next few months will be important as Altimmune receives the data from the 48-week MOMENTUM trial of pemvidutide in subjects with obesity as well as the results of the Phase 2 trial of HepTcell in CHB.
Tailwinds
- Top-line data readout from 48-week MOMENTUM Phase 2 obesity trial expected in Q4 2023
- Patient dosing was completed in September 2023 for the MOMENTUM trial.
- Pemvidutide achieved robust reductions in body weight, waist circumference, serum lipids and blood pressure without arrhythmias.
- FDA granted pemvidutide Fast Track designation for the treatment of NASH.
- Top-line data from Phase 2 clinical trial of HepTcell expected in Q1 2024.
Headwinds
- Forward-looking statements are subject to numerous assumptions, risks, and uncertainties.
- Delays in regulatory review.
- Manufacturing and supply chain interruptions.
- Access to clinical sites, enrollment challenges.
- Adverse effects on healthcare systems and disruption of the global economy.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+2.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+5.6%
Avg return
30 days after
60%
21 / 35 earnings
Positive
+35.0%
Q2 2022
Best reaction
-25.1%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -8.8% | -15.3% | |
| Q4 2025 | -17.6% | -9.6% | -21.8% | |
| Q3 2025 | +5.1% | +14.1% | +39.7% | |
| Q1 2025 | -4.2% | -7.2% | +19.0% | |
| Q4 2024 | +8.1% | +0.3% | -10.4% | |
| Q3 2024 | +29.5% | +3.5% | +16.9% | |
| Q2 2024 | +12.2% | +14.7% | +12.7% | |
| Q1 2024 | +0.8% | +9.2% | -9.8% | |
| Q4 2023 | +17.7% | +18.3% | -16.1% | |
| Q3 2023 | +1.1% | -6.4% | +146.4% | |
| Q2 2023 | +2.0% | -4.7% | -16.9% | |
| Q1 2023 | +2.2% | -6.6% | -19.7% | |
| Q4 2022 | +1.9% | -2.0% | -64.3% | |
| Q3 2022 | +10.3% | +12.7% | +4.2% | |
| Q2 2022 | +35.0% | +37.3% | +55.4% | |
| Q1 2022 | +31.0% | +34.3% | +117.0% | |
| Q4 2021 | +2.2% | +12.1% | -18.7% | |
| Q3 2021 | -0.5% | +1.3% | -12.3% | |
| Q2 2021 | +6.6% | +14.9% | +56.8% | |
| Q1 2021 | +5.2% | +4.7% | +23.0% | |
| Q4 2020 | -18.6% | -19.5% | -29.3% | |
| Q3 2020 | -25.1% | -18.6% | -1.1% | |
| Q2 2020 | -13.5% | -5.5% | -54.3% | |
| Q1 2020 | +21.4% | +21.6% | +103.8% | |
| Q4 2019 | -7.1% | -6.5% | -2.8% | |
| Q3 2019 | -8.0% | -10.9% | -1.7% | |
| Q2 2019 | -6.5% | -6.5% | -0.9% | |
| Q1 2019 | +2.7% | -4.7% | -3.5% | |
| Q4 2018 | +3.4% | +6.6% | -0.7% | |
| Q3 2018 | -6.8% | -9.1% | -31.5% | |
| Q2 2018 | +4.9% | +0.3% | -21.0% | |
| Q1 2018 | +10.8% | -1.9% | +1.7% | |
| Q4 2017 | -8.3% | -5.9% | -36.0% | |
| Q3 2017 | -1.0% | -7.1% | -25.1% | |
| Q2 2017 | -10.3% | -12.0% | +11.6% | |
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