NASDAQ$COCP

Cocrystal Pharma Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported financial results for Q1 2023 and provided updates on its antiviral drug development programs.

Cocrystal Pharma reported a net loss of $5.2 million, or $0.64 per share, for the first quarter of 2023, compared to a net loss of $4.2 million, or $0.52 per share, for the first quarter of 2022. The company's cash balance was $34.0 million as of March 31, 2023. They are advancing their antiviral pipeline, including COVID-19, influenza, and norovirus programs.

  • Submitted an application to the Australian regulatory agency to begin a first-in-human clinical trial with CDI-988 for COVID-19.
  • Preparing to begin a Phase 2a human challenge study with CC-42344 for pandemic and seasonal influenza A, pending UK regulatory approval.
  • Completing additional preclinical studies for the norovirus program and expect to announce a lead oral candidate soon.
  • Completed a $4 million private placement financing during the second quarter.

Headline financials

EPS (adj)

-$0.64

Previous: -$0.48-33.3%
R&D Expenses

$3.9M

Previous: $2.9M+34.5%
G&A Expenses

$1.2M

Previous: $1.3M-7.7%
Capital Expenditures

$45K

No prior period
Free Cash Flow

-$3.16M

No prior period
Net Income

-$5.2M

Previous: -$4.2M-23.8%
Operating Income

-$5.11M

Previous: -$4.21M-21.5%
Cash & Equivalents

$34M

Previous: $54.8M-38.0%
Total Assets

$37.8M

Previous: $75.4M-49.8%
Stock-Based Comp

$291K

Previous: $239K+21.8%

Revenue & EPS history

Cocrystal Pharma · Revenue · Quarterly

$225K

Q1 2026

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 Q1 2023

Historical avgQ1 2023

-0.9%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.9%

Avg return

30 days after

33%

19 / 58 earnings

Positive

+25.0%

Q3 2024

Best reaction

-33.3%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.6%-11.9%-21.0%
Q4 2026-2.9%+51.0%+43.0%
Q3 2025+0.0%-3.9%+1.9%
Q2 2025-1.2%-8.9%-6.0%
Q1 2025-7.4%+4.1%+5.5%
Q4 2024+4.1%+6.5%+23.6%
Q3 2024+25.0%+17.6%+8.5%
Q2 2024-10.0%+10.5%-12.1%
Q1 2024+8.1%+12.7%+61.8%
Q4 2023+0.0%-1.3%+4.0%
Q3 2023-1.1%-11.1%-5.3%
Q2 2023+2.1%-5.9%-31.1%
Q1 2023-3.8%-13.2%-3.8%
Q4 2022+4.4%+8.3%+37.8%
Q3 2022+0.0%-3.3%-19.5%
Q2 2022+0.0%-8.7%-23.9%
Q1 2022-5.0%+0.0%+2.5%
Q4 2021+1.7%-1.7%-12.1%
Q3 2021-2.2%-9.9%-22.0%
Q2 2021+2.9%-1.0%+2.9%
Q1 2021+2.7%+1.8%+15.0%
Q4 2020-5.0%-2.5%-24.5%
Q3 2020-2.3%+2.3%+64.4%
Q2 2020-7.3%-10.5%-58.6%
Q1 2020-2.8%-1.4%+30.6%
Q4 2019+5.9%+2.9%+33.8%
Q3 2019-21.0%-30.6%-25.8%
Q2 2019-10.8%-14.9%-34.0%
Q1 2019+0.7%-1.1%-5.5%
Q4 2018+0.7%-1.1%-5.5%
Q3 2018+6.8%+42.2%+91.7%
Q2 2018-5.5%-4.3%-19.4%
Q1 2018+5.0%-14.5%-64.4%
Q4 2017-2.1%+10.9%-30.0%
Q3 2017+0.0%+0.0%-11.5%
Q4 2016+0.0%+0.0%-11.5%
Q2 2017+0.0%+0.0%+52.6%
Q1 2017+0.0%+15.4%+3.8%
Q3 2016+0.0%-8.2%-12.2%
Q2 2016+4.4%+0.0%+11.1%
Q4 2015-3.1%
Q1 2016+7.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q4 2014+16.7%
Q1 2015+16.7%
Q3 2014+0.0%
Q1 2014+12.1%
Q2 2014+12.1%
Q4 2013-3.3%
Q3 2013-21.1%
Q2 2013+0.0%
Q4 2012-33.3%
Q1 2013-33.3%
Q3 2012+0.0%
Q2 2012+0.0%
Q1 2012+0.0%
Q2 2011+0.0%
Q4 2011
Q3 2010
Q3 2011
Q2 2010
Q4 2010
Q1 2011
Q1 2010

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