NASDAQ$EPIX

Essa Pharma Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

ESSA Pharma reported financial results for the fourth quarter and fiscal year ended September 30, 2023.

ESSA Pharma reported on the progress of masofaniten (EPI-7386), its novel N-terminal domain androgen receptor inhibitor, including Phase 1 dose escalation data showing tolerability and PSA reductions when combined with enzalutamide in mCRPC patients. The company is focused on executing the Phase 2 combination study of masofaniten and enzalutamide in mCRPC patients and investigating masofaniten in combination with other standard of care antiandrogens. They anticipate their cash runway will fund planned operations through 2025.

  • Phase 1 dose escalation is complete for masofaniten/enzalutamide combination study in mCRPC patients.
  • Compelling safety and efficacy data were reported at Prostate Cancer Foundation 2023 Scientific Retreat and ESMO 2023.
  • A head-to-head Phase 2 dose expansion is underway evaluating masofaniten/enzalutamide combination versus enzalutamide monotherapy in mCRPC patients.
  • The company expects its cash runway to fund planned operations through 2025.

Headline financials

EPS (adj)

-$0.12

Previous: -$0.14+14.3%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$4.53M

No prior period
Net Income

-$5.48M

Previous: -$6.32M+13.3%
Operating Income

-$5.48M

No prior period
Gross Profit

-$27.1K

No prior period
Cash & Equivalents

$148M

Previous: $167M-11.4%
Total Assets

$149M

Previous: $170M-12.0%
R&D Expense

$5.23M

No prior period
Stock-Based Comp

$846K

Previous: $1.93M-56.3%

Revenue & EPS history

Essa Pharma · Revenue · Quarterly

$0

Q3 2025

Forward guidance

ESSA Pharma is focused on the Phase 2 combination study of masofaniten and enzalutamide in mCRPC patients and investigating masofaniten in combination with other standard of care antiandrogens. The company’s expected cash runway extends into 2025.

Tailwinds

  • Accuracy of ESSA's financial projections
  • Obtaining positive results of clinical trials
  • Obtaining necessary regulatory approvals
  • General business, market and economic conditions
  • Favorable pharmaceutical properties of masofaniten

Headwinds

  • Medical uncertainties
  • Scientific uncertainties
  • Business uncertainties
  • Economic uncertainties
  • Competitive uncertainties

Historical earnings impact

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

Avg. return before/after earnings

Based on 10 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-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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