NASDAQ$COCP

Cocrystal Pharma Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Cocrystal Pharma reported a narrower Q2 2025 net loss compared to the prior year, with reduced R&D spending and steady G&A expenses.

Cocrystal Pharma reported a Q2 2025 net loss of $2.1 million, an improvement from a $5.3 million loss in Q2 2024. This was driven by a significant reduction in research and development expenses. The company ended the quarter with $4.8 million in cash and 10.2 million shares outstanding, while continuing to advance its antiviral pipeline.

  • Q2 net loss narrowed to $2055000 from $5343000 YoY
  • R&D expenses decreased significantly to $1122000
  • Cash balance at quarter-end was $4766000
  • Working capital remained strong at $4900000

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.20

Previous: -$0.53+62.3%
R&D Expenses

$1.12M

Previous: $4.31M-74.0%
G&A Expenses

$986K

Previous: $1.14M-13.5%
Operating Cash Used

$5.1M

No prior period
Working Capital

$4.9M

No prior period
Shares Outstanding

10.2M

No prior period
Net Income

-$2.06M

Previous: -$5.3M+61.2%
Operating Income

-$2.11M

Previous: -$5.45M+61.3%

Revenue & EPS history

Cocrystal Pharma · Revenue · Quarterly

$0

Q2 2025

Forward guidance

Cocrystal expects to initiate a Phase 1b challenge study for its lead antiviral candidate CDI-988 in 2025 and continues to develop its influenza and coronavirus programs.

Tailwinds

  • Phase 1b study for CDI-988 targeting norovirus planned for later in 2025
  • Favorable safety data across all dose cohorts for CDI-988
  • Demonstrated pan-viral activity in vitro
  • Continued strong focus on high-priority unmet infectious diseases
  • Operational cost management significantly improved R&D efficiency

Headwinds

  • No revenue generated in Q2 2025
  • Cash position down nearly 50% from December 2024
  • Net loss remains despite cost reductions
  • Continued reliance on external funding to sustain operations
  • Pipeline progress still in early-stage clinical trials

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 2025

Historical avgQ2 2025

-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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