NASDAQ$COCP

Cocrystal Pharma Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Cocrystal Pharma's financial results for Q3 2023 were reported, along with updates on antiviral drug development programs.

Cocrystal Pharma reported a net loss of $4.2 million, or $0.41 per share, for the third quarter of 2023, compared to a net loss of $5.7 million, or $0.70 per share, for the third quarter of 2022. The company's cash position is believed to be sufficient to fund planned operations beyond the next 12 months.

  • Phase 2a human challenge study for CC-42344 expected to begin before year-end.
  • Phase 1 healthy volunteer trial for inhaled CC-42344 anticipated in the first half of 2024.
  • Enrollment is underway in a Phase 1 trial with CDI-988.
  • Current cash position is sufficient to fund planned operations beyond the next 12 months.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.41

Previous: -$0.70+41.4%
Capital Expenditures

-$1.54K

Previous: $62K-102.5%
Free Cash Flow

-$3.05M

Previous: -$8.97M+66.0%
Net Income

-$4.2M

Previous: -$5.71M+26.4%
Operating Income

-$6M

Previous: -$5.69M-5.4%
Gross Profit

-$108K

No prior period
Cash & Equivalents

$29.7M

Previous: $42.1M-29.4%
Total Assets

$32.6M

Previous: $45.6M-28.6%
R&D Expense

$4.19M

No prior period
Stock-Based Comp

$173K

Previous: $216K-19.9%

Revenue & EPS history

Cocrystal Pharma · Revenue · Quarterly

$0

Q3 2023

Forward guidance

Cocrystal Pharma believes its current cash position is sufficient to fund planned operations beyond 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 Q3 2023

Historical avgQ3 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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