NASDAQ$APLT

Applied Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2024.

Applied Therapeutics reported its first quarter 2024 financial results, highlighting preparations for the potential approval and commercial launch of govorestat for Classic Galactosemia in the US and EU. The company is also in discussions regarding a potential NDA submission for SORD Deficiency with the FDA.

  • Preparing for potential approval and commercial launch of govorestat for Classic Galactosemia in the US and EU.
  • Govorestat NDA for Classic Galactosemia under Priority Review with a PDUFA target action date of November 28, 2024.
  • Govorestat MAA under review by EMA; decision expected in early Q1 2025.
  • Discussing potential NDA submission under Accelerated Approval for govorestat for treatment of SORD Deficiency with the Neurology I Division of FDA.

Headline financials

Total Revenue

$190K

Previous: $10.7M-98.2%
EPS

-$0.67

Previous: -$0.18-272.2%
Weighted Avg. Shares

125.3M

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

-$83.9M

Previous: -$10.1M-728.0%
Operating Income

-$21.1M

Previous: -$10.9M-94.3%
R&D Expense

$12.2M

No prior period
Stock-Based Comp

$2.38M

Previous: $2.06M+15.8%

Revenue & EPS history

Applied Therapeutics · Revenue · Quarterly

$190K

Q1 2024-98.2%vs Q1 2023
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

The company expects its cash and cash equivalents will fund the business into 2026.

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 2024

Historical avgQ1 2024

-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

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