NASDAQ$DAWN

Day One Biopharmaceuticals Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced third quarter 2023 financial results and corporate progress.

Day One Biopharmaceuticals reported its third quarter 2023 financial results, highlighting the FDA's acceptance of the NDA for tovorafenib with Priority Review and a PDUFA target action date of April 30, 2024. The company's cash position remains strong, with sufficient resources to fund operations into 2026.

  • FDA accepted the NDA for tovorafenib with Priority Review and a PDUFA target action date of April 30, 2024.
  • Completed enrollment in the Phase 2a FIRELIGHT-1 substudy trial of tovorafenib as a monotherapy.
  • Patient enrollment continues in the Phase 1b/2 substudy (102b) of the FIRELIGHT-1 trial evaluating the combination of tovorafenib with pimasertib.
  • Cash, cash equivalents and short-term investments totaled $405.5 million on September 30, 2023.

Headline financials

Total Revenue

$0.00

Previous: $1.9M-100.0%
EPS (adj)

-$0.54

Previous: -$0.53-1.9%
R&D Expenses

$33.2M

Previous: $22M+50.9%
Capital Expenditures

-$41K

Previous: -$26K-57.7%
Free Cash Flow

-$37.1M

Previous: -$74.6M+50.3%
Net Income

-$46.2M

Previous: -$15.2M-204.3%
Operating Income

-$51.4M

Previous: -$39.7M-29.6%
Gross Profit

-$99K

Previous: $1.9M-105.2%
Cash & Equivalents

$406M

Previous: $374M+8.3%
Total Assets

$414M

Previous: $382M+8.5%
R&D Expense

$33.2M

No prior period

Revenue & EPS history

Day One · Revenue · Quarterly

$0

Q3 2023-100%vs Q3 2022
Beat estimate in 6 of 6 quarters(100%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-1.4%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+1.2%

Avg return

30 days after

45%

9 / 20 earnings

Positive

+23.6%

Q2 2022

Best reaction

-16.6%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-9.2%-13.9%+78.0%
Q3 2025+0.0%+3.7%+34.8%
Q2 2025-15.4%-14.2%+9.7%
Q1 2025-9.6%-5.9%+2.9%
Q4 2024-16.5%-30.2%-31.7%
Q3 2024+2.6%+3.2%-2.9%
Q2 2024-6.8%-9.4%-11.0%
Q1 2024-0.5%-6.8%-23.9%
Q4 2023+14.5%+15.0%+4.0%
Q3 2023-3.1%-11.1%-3.7%
Q2 2023+1.3%+4.3%+9.6%
Q1 2023+12.7%+10.3%+7.3%
Q4 2022+5.3%-4.2%-32.8%
Q3 2022+2.7%+10.6%+14.3%
Q2 2022+23.6%+18.9%+24.4%
Q1 2022+8.5%+21.8%-6.1%
Q4 2021+3.7%-3.8%-6.9%
Q3 2021-9.2%-15.7%-31.7%
Q2 2021-16.6%-7.6%-5.2%
Q4 2020-16.6%-7.6%-5.2%
Q1 2021
Q3 2020
Q2 2020
Q1 2020

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