NASDAQ$COCP

Cocrystal Pharma Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Cocrystal Pharma reported financial results for Q2 2024 and provided updates on its antiviral drug-development programs.

Cocrystal Pharma reported a net loss of $5.3 million, or $0.54 per share, for the second quarter of 2024. The company's R&D expenses increased due to the advancement of CC-42344 and CDI-988 into clinical studies. They expect their cash to be sufficient to advance planned development programs through the coming 12 months.

  • Phase 2a study with PB2 inhibitor CC-42344 topline results expected, including initial indication of virology in humans infected with influenza A virus.
  • Plan to file an Investigational New Drug (IND) application in 2025 to conduct next study in the U.S. for CC-42344.
  • Preparing to initiate a Phase 1 study in healthy volunteers to evaluate inhaled CC-42344 as a potential prophylactic and therapeutic for influenza A.
  • Preparations underway to begin the multiple-ascending dose portion of the first-in-human study with pan-norovirus/pan-coronavirus oral protease inhibitor CDI-988.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.53

Previous: -$0.41-29.3%
R&D Expenses

$4.31M

No prior period
G&A Expenses

$1.14M

No prior period
Capital Expenditures

$59.17

Previous: $14K-99.6%
Net Income

-$5.3M

Previous: -$4.2M-26.2%
Operating Income

-$5.45M

Previous: -$4.34M-25.6%
Gross Profit

-$33K

No prior period
R&D Expense

$4.31M

No prior period
Stock-Based Comp

$148K

Previous: $179K-17.3%

Revenue & EPS history

Cocrystal Pharma · Revenue · Quarterly

$0

Q2 2024

Forward guidance

Cocrystal Pharma expects its cash to be sufficient to advance planned development programs through the coming 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 2024

Historical avgQ2 2024

-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

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