NASDAQ$COCP

Cocrystal Pharma Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results for Q2 2023 and provided updates on its antiviral drug development programs.

Cocrystal Pharma reported a net loss of $4.2 million, or $0.41 per share, for the second quarter of 2023. The company's cash position is sufficient to fund planned operations for the next 12 months.

  • Advanced novel oral PB2 inhibitor CC-42344 for influenza A, submitting an application for UK MHRA approval to begin a Phase 2a human challenge trial.
  • Received approval from the Australian regulatory agency to begin a first-in-human trial with novel, broad-spectrum oral protease inhibitor CDI-988 for COVID-19.
  • Selected CDI-988 as the lead oral norovirus candidate.
  • Expect to report top-line data of CDI-988 Phase 1 study in 2024.

Headline financials

EPS (adj)

-$0.41

Previous: -$0.48+14.6%
Capital Expenditures

$14K

No prior period
Free Cash Flow

-$5.56M

No prior period
Net Income

-$4.2M

Previous: -$24.4M+82.8%
Operating Income

-$4.34M

Previous: -$3.8M-14.2%
Cash & Equivalents

$32.4M

Previous: $51M-36.5%
Total Assets

$36.3M

Previous: $52.4M-30.7%
Stock-Based Comp

$179K

Previous: $241K-25.7%

Revenue & EPS history

Cocrystal Pharma · Revenue · Quarterly

$225K

Q1 2026

Forward guidance

Cocrystal Pharma believes its current cash position is sufficient to fund planned operations for the next 12 months.

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 Q2 2023

Historical avgQ2 2023

-0.9%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.4%

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%
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%
Q4 2016+0.0%+0.0%-11.5%
Q3 2017+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%
Q1 2015+16.7%
Q4 2014+16.7%
Q3 2014+0.0%
Q2 2014+12.1%
Q1 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
Q4 2010
Q2 2010
Q1 2011
Q1 2010

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