NASDAQ$ENTA

Enanta Pharmaceuticals Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Enanta Pharmaceuticals reported financial results for the fiscal second quarter ended March 31, 2020.

Enanta Pharmaceuticals reported a total revenue of $27.6 million for the three months ended March 31, 2020, primarily from royalty revenue. The company's net loss for the quarter was $6.0 million, or a loss of $0.30 per diluted common share. Cash and marketable securities totaled $435.4 million at March 31, 2020.

  • On track to initiate Phase 1b study of EDP-514 in Viremic Hepatitis B Patients in 2Q 2020 and Phase 1 Study of EDP-297 in 3Q 2020
  • Royalty Revenue for the Quarter was $27.6 Million
  • Cash and Marketable Securities Totaled $435.4 Million at March 31, 2020
  • The company plans to initiate Phase 2 dose ranging study in pediatric patients with RSV in 4Q 2020, and a Phase 2 study in adult transplant patients with RSV in 4Q 2020

Headline financials

Total Revenue

$27.6M

Previous: $39.6M-30.3%
EPS (adj)

-$0.30

Previous: $0.20-250.0%
R&D Expenses

$32.6M

Previous: $34.2M-4.5%
G&A Expenses

$6.88M

Previous: $6.78M+1.5%
Capital Expenditures

-$842K

Previous: -$2.89M+70.9%
Free Cash Flow

-$6.85M

Previous: $1.25M-646.0%
Net Income

-$6.01M

Previous: $4.15M-244.9%
Operating Income

-$11.9M

Previous: -$1.3M-810.7%
Gross Profit

$27.6M

Previous: $39.6M-30.3%
Cash & Equivalents

$74.3M

Previous: $106M-29.9%
Total Assets

$514M

Previous: $462M+11.2%
Stock-Based Comp

$4.98M

Previous: $4.71M+5.8%

Revenue & EPS history

Enanta Pharmaceuticals · Revenue · Quarterly

$27.6M

Q2 2020-30.3%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Enanta Pharmaceuticals · $27.6M total across 1 segment · Q2 2020

  • Royalty Revenue
    $27.6M-30.4%

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 for the foreseeable future.

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 Q2 2020

Historical avgQ2 2020

-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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