NASDAQ$DCTH
Delcath Systems Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Delcath's financial performance reflected a decrease in revenue due to lower CHEMOSAT sales in Europe, alongside increased operating expenses related to HEPZATO's commercial launch preparation.
Delcath Systems reported a decrease in revenue for Q3 2023, with total revenue at $0.4 million compared to $0.9 million in the prior year. The company's operating expenses increased due to research and development and commercial launch preparations. They also received FDA approval for HEPZATO KIT and raised approximately $35 million through warrant exercises.
- Received FDA approval for HEPZATO KIT for metastatic uveal melanoma (mUM) treatment.
- Raised approximately $35 million through the exercise of Tranche A warrants.
- Announced positive results from a retrospective study comparing CHEMOSAT with SIRT.
- Advanced the CHOPIN trial studying CHEMOSAT and immune checkpoint inhibitor combination therapy.
Headline financials
Revenue & EPS history
Delcath · Revenue · Quarterly
$434K
Revenue by segment
Delcath · $24.2M total across 2 segments · Q2 2025
- HEPZATO KIT$22.5M—93.1%
- CHEMOSAT$1.66M—6.9%
Forward guidance
Delcath anticipates launching HEPZATO KIT in January and aims to have at least 15 centers actively treating patients by the end of 2024.
Tailwinds
- Planned launch of HEPZATO KIT in January.
- Building a commercial team to support the launch.
- Engaging with potential treating centers.
- Confident that at least 15 centers will be actively treating patients by the end of 2024.
- Positive reception of HEPZATO KIT from the medical oncologist community.
Headwinds
- Uncertainties relating to the ability to commercialize HEPZATO
- Necessary financing to fund commercialization of HEPZATO in the U.S.
- The Company’s ability to generate revenue from HEPZATO
- Actions by the FDA or foreign regulatory agencies
- Uncertainties relating to the timing and results of research
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
-2.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+7.7%
Avg return
30 days after
28%
9 / 32 earnings
Positive
+37.5%
Q2 2019
Best reaction
-26.4%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -0.3% | +0.6% | -5.3% | |
| Q4 2025 | -11.7% | -15.8% | -12.1% | |
| Q3 2025 | -4.7% | -9.2% | +5.3% | |
| Q1 2025 | +23.6% | +31.7% | +41.1% | |
| Q4 2024 | -1.6% | -12.1% | -18.0% | |
| Q3 2024 | -9.0% | -14.0% | +8.5% | |
| Q2 2024 | -2.6% | -4.2% | +33.7% | |
| Q1 2024 | +33.1% | +40.2% | +37.4% | |
| Q4 2023 | +9.2% | +2.4% | +12.9% | |
| Q3 2023 | -23.7% | -16.9% | +10.0% | |
| Q2 2023 | -20.6% | -23.3% | +18.2% | |
| Q1 2023 | +0.2% | +7.8% | +14.9% | |
| Q4 2022 | +22.3% | +18.8% | +17.6% | |
| Q3 2022 | -6.7% | +0.0% | +11.3% | |
| Q2 2022 | -2.3% | +10.2% | -5.4% | |
| Q1 2022 | -11.9% | -16.7% | -28.1% | |
| Q4 2021 | +1.3% | +2.8% | +0.0% | |
| Q3 2021 | -1.8% | -5.0% | -28.1% | |
| Q2 2021 | -11.8% | -13.5% | +1.1% | |
| Q1 2021 | -7.0% | -0.6% | +9.8% | |
| Q4 2020 | -24.8% | -7.2% | -31.8% | |
| Q3 2020 | +0.6% | +3.6% | +36.7% | |
| Q2 2020 | -2.6% | -4.6% | -9.3% | |
| Q1 2020 | -5.2% | -5.2% | +0.5% | |
| Q4 2019 | +0.0% | +13.8% | +55.7% | |
| Q3 2019 | -4.3% | -4.3% | -15.2% | |
| Q2 2019 | +37.5% | +27.5% | +26.2% | |
| Q1 2019 | -11.2% | +0.0% | +22.5% | |
| Q4 2018 | -6.5% | -8.9% | -35.5% | |
| Q3 2018 | -26.4% | -0.3% | -5.6% | |
| Q2 2018 | +0.0% | +19.0% | +78.8% | |
| Q1 2018 | +2.4% | +0.3% | -0.6% | |
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