NASDAQ$APLT

Applied Therapeutics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2023.

Applied Therapeutics reported its Q1 2023 financial results, highlighting the long-term clinical benefit of Govorestat in the ACTION-Galactosemia Kids Trial and a strengthened balance sheet with a $30 million private placement of equity. Phase 3 INSPIRE trial of Govorestat in Sorbitol Dehydrogenase (SORD) Deficiency and ARISE-HF Trial of AT-001 in Diabetic Cardiomyopathy are on track for data in 2023.

  • Demonstrated long-term clinical benefit of Govorestat in ACTION-Galactosemia Kids Trial.
  • Strengthened balance sheet with $30 million private placement of equity.
  • Phase 3 INSPIRE Trial of Govorestat in SORD Deficiency on track for data in 2023.
  • ARISE-HF Trial of AT-001 in Diabetic Cardiomyopathy on track for data in 2023.

Headline financials

Total Revenue

$10.7M

No prior period
EPS (adj)

-$0.18

Previous: -$0.88+79.5%
Net Income

-$10.1M

Previous: -$23.1M+56.1%
Operating Income

-$10.9M

Previous: -$23.1M+53.0%
Gross Profit

$10.5M

No prior period
Cash & Equivalents

$22.9M

Previous: $38.2M-40.0%
Total Assets

$30M

Previous: $65M-53.8%
Stock-Based Comp

$2.06M

Previous: $2.08M-1.1%

Revenue & EPS history

Applied Therapeutics · Revenue · Quarterly

$10.7M

Q1 2023
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

The company anticipates potential approval of govorestat for Galactosemia later this year and is excited about upcoming data readouts in SORD Deficiency and Diabetic Cardiomyopathy.

Historical earnings impact

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

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-2.6%

Avg return

Earnings day

-9.9%

Avg return

5 days after

-14.9%

Avg return

30 days after

52%

14 / 27 earnings

Positive

+24.0%

Q1 2025

Best reaction

-71.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-71.6%-68.9%-77.9%
Q2 2025+5.6%+9.1%-5.6%
Q1 2025+24.0%-22.5%-26.9%
Q4 2024+0.1%+4.3%+1.5%
Q3 2024+4.6%+2.7%-86.8%
Q2 2024+5.7%-4.4%-6.4%
Q1 2024-6.8%-1.9%-1.3%
Q4 2023+7.3%+2.6%-6.2%
Q3 2023-12.1%-10.8%+34.6%
Q2 2023-3.2%-14.1%+1.3%
Q1 2023-3.6%-7.3%-10.9%
Q4 2022-5.6%-7.9%+6.3%
Q3 2022-0.2%
Q2 2022+3.0%
Q1 2022-1.7%
Q4 2021-9.1%
Q3 2021+1.6%
Q2 2021+3.6%
Q1 2021-2.2%
Q4 2020+3.3%
Q3 2020+5.9%
Q2 2020+13.8%
Q1 2020+3.3%
Q4 2019-27.7%
Q3 2019-7.5%
Q2 2019+7.0%
Q1 2019-6.7%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro