NASDAQ$APLT

Applied Therapeutics Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2023.

Applied Therapeutics reported on their progress in advancing programs across Galactosemia, SORD Deficiency and Diabetic Cardiomyopathy in the second quarter of 2023.

  • Continued to advance programs across Galactosemia, SORD Deficiency and Diabetic Cardiomyopathy.
  • Efforts will focus on regulatory progress in Galactosemia and SORD Deficiency.
  • Phase 3 clinical readouts in SORD Deficiency and DbCM are expected in 2H 2023.
  • Commitment to bring govorestat (AT-007) and caficrestat (AT-001) to patients with devastating diseases in need of treatment remains steadfast.

Headline financials

Total Revenue

$10.7M

No prior period
EPS (adj)

-$0.37

Previous: -$0.96+61.5%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$16.5M

No prior period
Net Income

-$29.6M

Previous: -$34.3M+13.8%
Operating Income

-$17.2M

Previous: -$21.5M+20.2%
Gross Profit

-$115K

No prior period
Cash & Equivalents

$35.6M

Previous: $55.7M-36.1%
Total Assets

$43.6M

Previous: $78.2M-44.2%
R&D Expense

$11.9M

No prior period
Stock-Based Comp

$1.84M

Previous: $2.23M-17.4%

Revenue & EPS history

Applied Therapeutics · Revenue · Quarterly

$10.7M

Q2 2023
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

The company provided forward-looking statements regarding their plans to request a pre-NDA meeting or submit an NDA or MAA for approval and the anticipated cash runway of the Company.

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 Q2 2023

Historical avgQ2 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

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