NASDAQ$EPIX

Essa Pharma Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Provided a corporate update and reported financial results for the fiscal second quarter.

ESSA Pharma reported its financial results for the fiscal second quarter ended March 31, 2022. The company's cash position is expected to be sufficient to fund current and planned operations through 2024.

  • Continued to dose patients in Phase 1 monotherapy study of EPI-7386.
  • Expect to present a clinical update on the monotherapy trial in the first half of 2022.
  • Several clinical collaborations are underway investigating the potential clinical benefit of EPI-7386 in combination with approved second-generation antiandrogens.
  • Company-sponsored Phase 1/2 study of EPI-7386 in combination with enzalutamide in mCRPC patients who have not yet been treated with second-generation antiandrogen therapies.

Headline financials

Total Revenue

$482K

Previous: $39.2K+1128.7%
EPS (adj)

-$0.25

Previous: -$0.36+30.6%
Net Income

-$10.9M

Previous: -$13M+16.3%
Operating Income

-$11M

Previous: -$11.8M+7.2%
Gross Profit

$482K

Previous: $39.2K+1128.7%
Cash & Equivalents

$181M

Previous: $152M+19.4%
Total Assets

$183M

Previous: $210M-13.0%
Stock-Based Comp

$1.86M

Previous: $2.66M-30.0%

Revenue & EPS history

Essa Pharma · Revenue · Quarterly

$482K

Q2 2022+1,128.7%vs Q2 2021

Forward guidance

ESSA Pharma expects to provide a clinical update on the Phase 1a dose escalation study in the first half of 2022 and believes its cash position is sufficient to fund operations through 2024.

Tailwinds

  • Expect to provide a clinical update on the Phase 1a dose escalation study in the first half of 2022.
  • The potential clinical benefit of EPI-7386 in combination with approved second-generation antiandrogens.
  • The accuracy of ESSA’s financial projections.
  • Obtaining positive results of clinical trials.
  • Obtaining necessary regulatory approvals.

Headwinds

  • Risks and uncertainties related to future events.
  • Uncertainties related to ESSA’s ability to control or predict.
  • ESSA’s actual results, performance or achievements to be materially different from those expressed or implied.
  • Significant medical, scientific, business, economic, competitive, political and social uncertainties and contingencies.
  • General business, market and economic conditions.

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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