NASDAQ$EPIX

Essa Pharma Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

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

ESSA Pharma reported its financial results for the fiscal first quarter ended December 31, 2022. The company's cash position is expected to be sufficient to fund current and planned operations through 2025.

  • Advanced studies of EPI-7386 in patients with metastatic castration-resistant prostate cancer (mCRPC).
  • Phase 1 EPI-7386 combination study with Xtandi® (enzalutamide) in patients with mCRPC naïve to second generation anti-androgens expected to complete in 1H2023.
  • Phase 2 randomized study in the same patient population to be initiated shortly thereafter.
  • Cash runway expected to fund operations and clinical programs through 2025.

Headline financials

EPS (adj)

-$0.15

Previous: -$0.21+28.6%
Net Income

-$6.73M

Previous: -$9.1M+26.0%
Cash & Equivalents

$163M

Previous: $121M+34.7%
Total Assets

$165M

Previous: $191M-13.8%
Stock-Based Comp

$1.56M

Previous: $2.5M-37.5%

Revenue & EPS history

Essa Pharma · Revenue · Quarterly

$0

Q3 2025

Forward guidance

The company expects to complete the Phase 1 EPI-7386 combination study with enzalutamide in the first half of 2023 and initiate the Phase 2 randomized study shortly thereafter. The company's cash position is expected to be sufficient to fund current and planned operations through 2025.

Tailwinds

  • Completion of Phase 1 EPI-7386 combination study with enzalutamide expected in 1H2023.
  • Initiation of the randomized Phase 2 study shortly thereafter.
  • Ongoing Phase 1b EPI-7386 monotherapy expansion study in mCRPC patients.
  • Cash runway expected to fund operations and clinical programs through 2025.
  • Advancing studies of EPI-7386 in patients with metastatic castration-resistant prostate cancer.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 10 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-3.2%

Avg return

30 days after

39%

13 / 33 earnings

Positive

+46.0%

Q1 2021

Best reaction

-34.9%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.0%+0.0%-89.5%
Q2 2025+1.2%-1.8%-1.2%
Q1 2025-3.0%+3.6%-2.4%
Q4 2024-1.2%-1.8%+7.4%
Q3 2024-5.5%-2.6%+22.9%
Q2 2024+4.6%+4.9%-21.3%
Q1 2024+2.5%-5.4%-10.0%
Q4 2023+3.2%+16.4%+58.7%
Q3 2023-2.8%-4.5%-5.6%
Q2 2023-4.1%+2.7%+8.6%
Q1 2023+2.1%+0.3%-2.4%
Q4 2022-6.9%
Q3 2022+3.1%
Q2 2022+5.4%
Q1 2022+1.4%
Q4 2021+0.6%
Q3 2021-34.9%
Q2 2021-1.8%
Q1 2021+46.0%
Q4 2020+8.6%
Q1 2020+0.0%
Q4 2019-0.2%
Q1 2019+3.2%
Q2 2019-8.7%
Q4 2018-2.4%
Q1 2018-8.1%
Q4 2016+0.0%
Q3 2016+0.0%
Q2 2016-5.8%
Q1 2016+2.2%
Q4 2015-8.2%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2013
Q4 2013
Q3 2013

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