NASDAQ$APGE

Apogee Therapeutics Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Apogee Therapeutics reported pipeline progress and second quarter 2024 financial results.

Apogee Therapeutics reported pipeline highlights and second quarter financial results, with a focus on advancing its pipeline, including APG777, APG808, and APG990, and adding APG333 to its portfolio. The company plans combination studies and has a cash runway into 2028.

  • Continued advancement of pipeline and execution towards expected milestones.
  • APG333, a novel subcutaneous half-life extended anti-TSLP antibody, was added to portfolio.
  • Apogee plans combination studies of 777 + 990 (IL-13 and OX40L) and 777 + 333 (IL-13 and TSLP).
  • $790 million cash, cash equivalents and marketable securities with runway into 2028.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.60

Previous: -$3.78+84.1%
Research and Development Expenses

$33.2M

No prior period
General and Administrative Expenses

$10.9M

No prior period
Capital Expenditures

-$51K

No prior period
Net Income

-$33.8M

Previous: -$18.9M-79.1%
Operating Income

-$44.1M

Previous: -$18.9M-133.6%
Gross Profit

-$36K

No prior period
R&D Expense

$33.2M

No prior period
Stock-Based Comp

$5.7M

Previous: $1.11M+411.9%

Revenue & EPS history

Apogee · Revenue · Quarterly

$0

Q2 2024

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+5.6%

Avg return

Earnings day

+9.2%

Avg return

5 days after

+10.9%

Avg return

30 days after

53%

8 / 15 earnings

Positive

+59.8%

Q4 2023

Best reaction

-12.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+1.2%+4.4%+20.3%
Q3 2025+3.8%+19.7%+39.0%
Q2 2025-2.2%+5.4%+5.9%
Q1 2025-0.0%-1.1%+9.4%
Q4 2024-0.2%+14.9%+20.3%
Q3 2024-12.7%-21.8%-26.7%
Q2 2024+9.7%+11.7%+25.0%
Q1 2023+1.5%-5.5%-16.7%
Q1 2024+1.5%-5.5%-16.7%
Q4 2023+59.8%+61.8%+41.4%
Q3 2023+12.8%+20.6%+45.9%
Q3 2022+12.8%+20.6%+45.9%
Q4 2022-1.1%+4.0%-9.6%
Q2 2022-1.1%+4.0%-9.6%
Q2 2023-1.1%+4.0%-9.6%
Q1 2022

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