NASDAQ$DAWN

Day One Biopharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Day One reported Q4 2023 financial results and corporate progress.

Day One Biopharmaceuticals announced its fourth quarter and full year 2023 financial results, highlighting the upcoming PDUFA date for tovorafenib and continued advancement of the Phase 3 front-line trial. The company ended the year with $366.3 million in cash, providing runway into 2026.

  • PDUFA target action date for tovorafenib NDA in relapsed or progressive pLGG remains set for April 30, 2024.
  • Phase 2 FIREFLY-1 tovorafenib registrational data published in Nature Medicine.
  • Ended 2023 with $366.3 million in cash, cash equivalents and short-term investments providing runway into 2026.
  • Day One continued its commercial preparedness for the approval and launch of tovorafenib with the hiring of 18 sales representatives in the U.S.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.64

Previous: -$0.53-20.8%
Capital Expenditures

-$8K

No prior period
Free Cash Flow

-$41.4M

Previous: -$35.3M-17.2%
Net Income

-$54.5M

No prior period
Operating Income

-$59.5M

Previous: -$42.7M-39.2%
Gross Profit

-$103K

No prior period
R&D Expense

$37.3M

No prior period

Revenue & EPS history

Day One · Revenue · Quarterly

$0

Q4 2023
Beat estimate in 6 of 6 quarters(100%)
ActualEstimate

Forward guidance

Day One anticipates a monumental year ahead with the upcoming PDUFA date for tovorafenib and continues to advance its Phase 3 front-line trial.

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 Q4 2023

Historical avgQ4 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

Discussion

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