NASDAQ$CRVO

Diffusion Pharmaceuticals Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2020 and provided a business update.

Diffusion Pharmaceuticals reported its first quarter 2020 financial results, highlighting the FDA's accelerated review for their IND application to study TSC in COVID-19 related ARDS, a delay in their Phase 2 on-ambulance stroke trial due to the pandemic, and continued partnership efforts for their Phase 3 INTACT trial. The company's cash position is expected to fund operations into the third quarter of 2021.

  • Received notification from the FDA of accelerated review for TSC in COVID-19 related ARDS.
  • Enrollment in Phase 2 on-ambulance stroke trial delayed due to LA County Fire Department focusing on COVID-19.
  • Continued partnership efforts to advance the Phase 3 INTACT trial for inoperable glioblastoma multiforme (GBM).
  • Expanded global intellectual property with the issuance of a patent in Europe related to pharmaceutical compositions of TSC.

Headline financials

EPS (adj)

-$3.50

Previous: -$40.50+91.4%
Net Income

-$2.56M

Previous: -$2.75M+6.9%
Operating Income

-$2.96M

Previous: -$2.92M-1.2%
Cash & Equivalents

$10.8M

Previous: $5.33M+102.5%
Total Assets

$21.1M

Previous: $16M+31.7%
Stock-Based Comp

$191K

Previous: $91.2K+109.8%

Revenue & EPS history

CervoMed · Revenue · Quarterly

$0

Q1 2026-100%vs Q1 2025

Forward guidance

Diffusion Pharmaceuticals believes its cash and cash equivalents as of March 31, 2020, along with the warrant exercise proceeds, are sufficient to fund operating expenses and capital expenditure, including clinical trials, into the third quarter of 2021.

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 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

+177.7%

Avg return

5 days after

-10.0%

Avg return

30 days after

31%

20 / 65 earnings

Positive

+39.3%

Q1 2020

Best reaction

-27.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.5%
Q4 2025+5.1%-6.7%-7.4%
Q3 2025-0.3%+11.0%+25.3%
Q2 2025+5.5%+3.2%+12.5%
Q1 2025+0.0%-4.1%-17.3%
Q4 2024+3.2%+57.9%+8.3%
Q3 2024-7.6%-11.3%-84.1%
Q2 2024+33.0%+61.9%+39.3%
Q1 2024-1.4%-20.1%-23.0%
Q4 2023-4.9%-12.0%+3.7%
Q3 2023-2.6%+0.2%-10.6%
Q2 2023-1.1%+9.5%+10.4%
Q1 2023-5.4%-1.7%-11.3%
Q4 2022-8.7%-12.7%-27.1%
Q3 2022+21.4%+22.0%+28.6%
Q2 2022-2.0%-1.4%-7.1%
Q1 2022+18.6%+25.5%+25.5%
Q4 2021-3.7%+0.0%-43.0%
Q3 2021-6.7%-4.4%-15.6%
Q2 2021-7.0%-14.0%-3.5%
Q1 2021+0.0%+6832.2%+13.2%
Q4 2020+4.9%+4.9%-99.1%
Q3 2020-10.1%-20.3%-6.3%
Q2 2020-0.9%-1.8%-22.7%
Q1 2020+39.3%+121.3%+77.0%
Q4 2019-8.8%-17.6%+17.6%
Q3 2019-27.6%-69.7%-25.0%
Q2 2019-0.9%-3.7%-10.6%
Q1 2019-4.9%-3.8%-29.6%
Q4 2018+3.8%-4.3%-33.6%
Q3 2018+0.0%-12.1%-41.8%
Q2 2018+2.8%+13.9%+11.1%
Q4 2017-3.6%-11.3%-1.9%
Q1 2018-3.6%+1.8%+1.8%
Q3 2017-3.6%-1.5%+3.6%
Q2 2017-7.7%+0.0%+12.5%
Q4 2016-0.6%+3.1%-15.8%
Q1 2017-0.6%+3.1%-15.8%
Q3 2016-3.8%-4.8%-40.0%
Q2 2016+0.0%+0.0%-90.0%
Q1 2016+11.1%
Q4 2015-6.4%
Q3 2015-9.1%
Q2 2015+1.2%
Q1 2015-2.0%
Q4 2014-7.1%
Q3 2014-1.1%
Q2 2014+4.5%
Q1 2014-3.2%
Q4 2013+0.0%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2012+18.8%
Q3 2012+4.8%
Q2 2012-2.6%
Q1 2012+0.0%
Q4 2011+8.0%
Q3 2011-11.5%
Q2 2011+7.1%
Q1 2011+5.5%
Q4 2010+1.6%
Q3 2010+19.0%
Q2 2010-12.0%
Q1 2010+0.0%

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