NASDAQ$CAPR

Capricor Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Capricor reported financial results for the third quarter ended September 30, 2022 and provided a corporate update.

Capricor Therapeutics reported revenue of $1.6 million and a net loss of $6.4 million, or $0.26 per share for the third quarter of 2022. As of September 30, 2022, the Company’s cash, cash equivalents and marketable securities totaled approximately $46.6 million.

  • Enrollment continues to progress in HOPE-3, the pivotal Phase 3 clinical trial of CAP-1002 in Duchenne Muscular Dystrophy.
  • Presented positive one-year safety and efficacy results from HOPE-2 open label extension study of CAP-1002 in Duchenne Muscular Dystrophy Patients at World Muscle Society 2022.
  • Presented new advances in engineered Exosome Platform at Exosome-Based Therapeutic Development Summit.
  • Capricor expects that its available cash, cash equivalents and marketable securities will be sufficient to cover anticipated expenses and capital requirements into the second quarter of 2024.

Headline financials

Total Revenue

$1.59M

Previous: $245K+549.9%
EPS (adj)

-$0.26

Previous: -$0.17-52.9%
Capital Expenditures

-$1.31M

Previous: -$828K-57.8%
Free Cash Flow

-$7.68M

Previous: -$4.76M-61.3%
Net Income

-$6.37M

Previous: -$3.93M-62.0%
Operating Income

-$6.48M

Previous: -$4.31M-50.1%
Gross Profit

$1.59M

Previous: $245K+549.9%
Cash & Equivalents

$8.41M

Previous: $40.8M-79.4%
Total Assets

$53.9M

Previous: $43.1M+25.1%
Stock-Based Comp

$1.09M

Previous: $720K+50.9%

Revenue & EPS history

Capricor · Revenue · Quarterly

$1.59M

Q3 2022+549.9%vs Q3 2021
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Forward guidance

Capricor expects that based on the current operating plan and financial resources, its available cash, cash equivalents and marketable securities will be sufficient to cover anticipated expenses and capital requirements into the second quarter of 2024.

Tailwinds

  • Continue discussions with FDA regarding pathway towards a Biologics License Application or BLA for CAP-1002 in DMD
  • Planned publication of preclinical work related to our StealthXTM engineered exosomes platform
  • Planned interim analysis of HOPE-3 expected by mid-2023
  • Full enrollment of HOPE-3 expected by the third quarter of 2023

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 2022

Historical avgQ3 2022

-0.8%

Avg return

Earnings day

-1.3%

Avg return

5 days after

+7.6%

Avg return

30 days after

39%

19 / 49 earnings

Positive

+25.4%

Q2 2023

Best reaction

-20.4%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.5%-10.9%
Q4 2025+1.0%-7.5%-6.6%
Q3 2025+10.8%+0.7%+388.8%
Q1 2025+10.0%+15.0%+31.1%
Q4 2024+17.5%+10.3%-7.9%
Q3 2024+2.2%+1.5%-26.7%
Q2 2024-0.8%+0.3%+4.3%
Q1 2024-1.9%+17.0%-4.5%
Q4 2023+5.5%+14.5%+56.8%
Q3 2023+13.0%+7.0%+49.3%
Q2 2023+25.4%+32.2%+32.6%
Q1 2023-1.2%+3.9%+15.2%
Q4 2022-1.7%-3.4%-5.6%
Q3 2022-3.4%-13.2%-19.1%
Q2 2022+14.5%+6.1%+28.0%
Q1 2022-5.4%-1.9%+28.2%
Q4 2021-8.1%-9.0%-22.9%
Q3 2021-4.6%-6.0%-13.0%
Q2 2021-8.4%-10.0%+11.1%
Q1 2021+6.8%+13.6%+31.3%
Q4 2020-4.8%-11.4%-19.3%
Q3 2020-7.2%-9.0%-10.4%
Q2 2020-20.4%-18.0%-42.3%
Q1 2020-10.1%-18.9%-33.3%
Q4 2019+0.9%-0.9%+34.2%
Q3 2019-14.1%-25.0%-48.0%
Q2 2019-9.3%-23.6%-34.2%
Q1 2019-2.4%-23.8%-10.7%
Q4 2018-16.1%+14.3%-10.7%
Q3 2018-4.3%-1.1%-40.9%
Q2 2018-8.3%-15.0%-5.0%
Q1 2018-2.2%-3.0%-6.0%
Q4 2017+2.8%-0.6%-11.7%
Q3 2017+10.5%+37.5%-11.5%
Q2 2017-7.1%-6.2%-8.8%
Q1 2017-13.8%-21.6%-33.6%
Q4 2016+8.0%+3.3%+5.0%
Q3 2016-2.5%+7.5%-4.3%
Q2 2016+4.0%+4.0%+10.8%
Q1 2016+2.1%
Q4 2015+4.0%
Q1 2012-4.3%
Q3 2011+0.0%
Q2 2011+4.5%
Q1 2011-13.8%
Q4 2010-3.2%
Q3 2010-13.2%
Q2 2010+18.4%
Q1 2010-3.6%

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