NASDAQ$DNLI

Denali Therapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2022, and provided business highlights.

Denali Therapeutics reported a net loss of $58.8 million compared to a net loss of $60.7 million for the same period in the previous year. Collaboration revenue increased to $52.5 million, driven by milestone payments related to the TAK-920/DNL919 and SAR443820/DNL788 programs.

  • Phase 1 study of DNL919 (ATV:TREM2) is underway, marking the seventh program in clinical development.
  • Late-stage studies initiated for BIIB122 (LRRK2 inhibitor) and SAR443820 (RIPK1 inhibitor) in Parkinson’s disease and ALS, respectively.
  • Data from ongoing studies of DNL310 (ETV:IDS) in Hunter syndrome and DNL343 (eIF2B activator) in ALS will be presented in the second half of the year.
  • Sanofi began dosing with SAR443820 in the Phase 2 HIMALAYA study for ALS, triggering a $40 million milestone payment to Denali.

Headline financials

Total Revenue

$52.5M

Previous: $22.9M+128.8%
EPS (adj)

-$0.48

Previous: -$0.50+4.0%
Capital Expenditures

-$6.93M

Previous: -$3.57M-94.1%
Free Cash Flow

-$65.7M

Previous: -$64.3M-2.3%
Net Income

-$58.8M

Previous: -$60.7M+3.1%
Operating Income

-$61.4M

Previous: -$61.8M+0.6%
Gross Profit

$52.5M

Previous: $22.9M+128.8%
Cash & Equivalents

$155M

Previous: $486M-68.1%
Total Assets

$1.29B

Previous: $1.51B-14.4%
Stock-Based Comp

$23.9M

Previous: $21.1M+13.2%

Revenue & EPS history

Denali Therapeutics · Revenue · Quarterly

$52.5M

Q2 2022+128.8%vs Q2 2021
Beat estimate in 6 of 14 quarters(43%)
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 Q2 2022

Historical avgQ2 2022

-0.3%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+1.3%

Avg return

30 days after

44%

14 / 32 earnings

Positive

+19.7%

Q4 2023

Best reaction

-13.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-1.0%-4.9%-15.2%
Q3 2025-3.2%+18.1%+34.0%
Q1 2025+1.0%-0.9%+6.1%
Q4 2024-1.5%-15.6%-21.8%
Q3 2024+7.1%+14.2%-10.0%
Q2 2024-10.3%-9.7%+0.3%
Q1 2024+10.3%+6.8%+24.3%
Q4 2023+19.7%+23.5%+21.5%
Q3 2023-2.7%-21.8%-9.7%
Q2 2023-5.2%-7.6%-7.3%
Q1 2023+3.0%+5.4%+16.1%
Q4 2022+4.8%+7.3%-10.9%
Q3 2022-7.8%-10.3%+6.2%
Q2 2022+4.6%+6.6%-17.5%
Q1 2022-13.7%-14.0%-8.5%
Q4 2021-2.8%-7.8%-1.9%
Q3 2021+3.5%-0.4%-19.9%
Q2 2021+3.5%+4.6%+6.6%
Q1 2021-8.0%-10.2%+5.5%
Q4 2020+7.5%-5.8%-17.2%
Q3 2020+5.2%+16.3%+40.8%
Q2 2020+6.1%-5.4%-2.5%
Q1 2020-5.5%-5.7%+2.6%
Q4 2019-8.6%-10.0%-12.5%
Q3 2019-6.1%-10.1%+10.5%
Q2 2019+0.6%+5.4%-4.2%
Q1 2019-4.8%-11.4%-18.9%
Q4 2018+11.7%+12.0%+26.4%
Q3 2018-4.0%-0.6%+12.7%
Q2 2018-0.5%-0.7%+17.0%
Q4 2017-4.8%-5.1%+2.2%
Q1 2018-8.8%-8.0%-12.4%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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