NASDAQ$ENTA

Enanta Pharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Enanta Pharmaceuticals reported financial results for its fiscal fourth quarter and year ended September 30, 2023.

Enanta Pharmaceuticals reported a revenue of $18.9 million for the quarter ended September 30, 2023, compared to $20.3 million for the same period in 2022. The net loss for the quarter was $28.1 million, or $1.33 per diluted common share, compared to a net loss of $26.3 million, or $1.27 per diluted common share, for the corresponding period in 2022. Cash, cash equivalents, and marketable securities totaled $370.0 million at September 30, 2023.

  • Initiated a Phase 2a Challenge Study of EDP-323, an L-Protein Inhibitor, in Development as an Oral, Once-Daily Treatment for Respiratory Syncytial Virus (RSV); Expect to Report Data in Q3 2024
  • Streamlined Business and Significantly Lowered 2024 R&D and G&A Spending Guidance to Support Ongoing Operations
  • Cash and Marketable Securities Totaled $370 Million at September 30, 2023
  • Advancing RSVPEDs and RSVHR, ongoing Phase 2 trials of EDP-938, with a data readout from at least one of these studies in the third quarter of 2024.

Headline financials

Total Revenue

$18.9M

Previous: $20.3M-6.8%
EPS (adj)

-$1.33

Previous: -$1.27-4.7%
Capital Expenditures

$1.37M

Previous: $1.44M-4.8%
Free Cash Flow

-$23M

Previous: -$17M-35.3%
Net Income

-$28.1M

Previous: -$26.3M-6.9%
Operating Income

-$31M

Previous: -$47.2M+34.3%
Gross Profit

$18.3M

Previous: $20.3M-10.0%
Cash & Equivalents

$85.4M

Previous: $279M-69.3%
Total Assets

$462M

Previous: $375M+23.1%
R&D Expense

$36.2M

No prior period
Stock-Based Comp

$6.72M

Previous: $6.83M-1.7%

Revenue & EPS history

Enanta Pharmaceuticals · Revenue · Quarterly

$18.9M

Q4 2023-6.8%vs Q4 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Enanta Pharmaceuticals · $18.9M total across 1 segment · Q3 2023

  • Royalty Revenue
    $18.9M-3.0%

Forward guidance

Enanta expects that its current cash, cash equivalents and short-term marketable securities, as well as its continuing retained portion of royalty revenue, will continue to be sufficient to meet the anticipated cash requirements of its existing business and development programs through fiscal 2027.

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 Q4 2023

Historical avgQ4 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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