NASDAQ$ENTA

Enanta Pharmaceuticals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported financial results for the fiscal first quarter ended December 31, 2022.

Enanta Pharmaceuticals reported revenue of $23.6 million for the quarter ended December 31, 2022, primarily from royalty revenue, and a net loss of $29.0 million, or $1.39 per diluted share. The company's cash, cash equivalents, and marketable securities totaled $241.4 million as of December 31, 2022.

  • Completed enrollment in Phase 2 clinical study of EDP-235 for COVID-19, with topline data expected in May.
  • Expect Phase 1 data of EDP-323 for Respiratory Syncytial Virus (RSV) in 2Q 2023.
  • Expanded pipeline with new research programs developing SARS-CoV-2 Papain-Like Protease Inhibitors and Human Metapneumovirus (hMPV)/RSV Dual-Inhibitors.
  • Revenue for the quarter was $23.6 million.

Headline financials

Total Revenue

$23.6M

Previous: $27.6M-14.7%
EPS (adj)

-$1.39

Previous: -$1.48+6.1%
R&D Expenses

$40.9M

No prior period
G&A Expenses

$12.7M

No prior period
Capital Expenditures

-$3.16M

Previous: -$363K-769.4%
Free Cash Flow

-$32.1M

Previous: -$30.5M-5.5%
Net Income

-$29M

Previous: -$30.1M+3.7%
Operating Income

-$30M

Previous: -$30.4M+1.3%
Gross Profit

$23.1M

Previous: $27.6M-16.5%
Cash & Equivalents

$42.2M

Previous: $99.1M-57.4%
Total Assets

$348M

Previous: $441M-21.1%
Stock-Based Comp

$7.14M

Previous: $6.06M+17.8%

Revenue & EPS history

Enanta Pharmaceuticals · Revenue · Quarterly

$23.6M

Q1 2023-14.7%vs Q1 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Enanta Pharmaceuticals · $22.6M total across 1 segment · Q1 2023

  • Royalty Revenue
    $22.6M-18.1%

Forward guidance

Enanta expects that its current cash, cash equivalents and marketable securities, as well as its continuing royalty revenue, will be sufficient to meet the anticipated cash requirements of its existing business and development programs into the fourth fiscal quarter of 2024.

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 2023

Historical avgQ1 2023

-1.3%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-1.0%

Avg return

30 days after

41%

24 / 58 earnings

Positive

+14.8%

Q4 2021

Best reaction

-29.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-6.1%-13.4%-26.0%
Q1 2026+2.2%+0.1%-3.0%
Q4 2025-3.5%-0.7%+13.3%
Q2 2025-5.6%+3.6%+33.5%
Q1 2025+14.1%+45.7%+39.4%
Q4 2024-8.4%-7.9%-34.7%
Q3 2024-6.5%-9.5%-12.7%
Q2 2024-13.6%-16.6%-18.3%
Q1 2024-1.4%-1.7%+22.8%
Q4 2023+9.2%+8.9%-6.7%
Q3 2023-6.6%-19.8%-38.8%
Q2 2023-29.2%-29.7%-27.0%
Q1 2023-0.5%+0.2%-12.1%
Q4 2022-2.9%-11.2%+0.3%
Q3 2022-3.8%-4.2%-10.4%
Q2 2022-1.9%-13.2%-24.4%
Q1 2022+2.8%+1.8%+3.9%
Q4 2021+14.8%+22.0%+2.7%
Q3 2021+5.6%+6.3%+35.8%
Q2 2021-6.9%-5.6%-8.5%
Q1 2021+3.1%-3.3%-3.9%
Q4 2020-1.6%-1.5%-2.9%
Q3 2020-2.1%+0.2%+4.4%
Q2 2020-0.6%+1.8%-0.5%
Q1 2020-0.1%-5.4%-2.3%
Q4 2019-1.8%+1.1%+3.4%
Q3 2019+6.0%+7.4%+0.7%
Q2 2019-0.0%-3.2%+0.5%
Q1 2019+11.6%+11.2%+22.9%
Q4 2018+1.5%+0.2%-11.1%
Q3 2018-6.4%-6.3%-11.4%
Q2 2018-4.5%-3.6%+7.7%
Q1 2018-19.0%-16.7%-7.5%
Q4 2017-5.9%-1.4%+18.0%
Q3 2017+2.2%+2.0%+11.6%
Q2 2017+9.3%+8.0%-3.3%
Q1 2017-6.5%-7.5%-8.9%
Q4 2016+7.4%+9.0%+10.0%
Q3 2016+2.3%+6.4%+4.3%
Q2 2016-1.8%
Q1 2016+1.8%
Q4 2015-2.0%
Q3 2015-13.8%
Q2 2015-0.1%
Q1 2015-4.2%
Q4 2014+4.3%
Q3 2014+4.6%
Q2 2014+5.2%
Q1 2014-3.6%
Q1 2013-3.6%
Q4 2011-22.6%
Q1 2012-22.6%
Q4 2013+8.5%
Q3 2013+7.4%
Q3 2012+7.4%
Q2 2012+5.5%
Q4 2012+5.5%
Q2 2013+0.7%

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