NASDAQ$EQ

Equillium Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Equillium announced data from Phase 1b EQUALISE study presented at the 2023 Annual Meeting of the American Society of Nephrology.

Equillium announced positive data from the Type B portion of the EQUALISE study in lupus nephritis patients. The data highlights that subjects had high complete and partial response rates with rapid and deep reduction in urine protein creatinine ratio (UPCR) when itolizumab was added to mycophenolate mofetil (MMF) and corticosteroids.

  • At Week 28, 73% of subjects achieved >50% reduction in urine protein creatinine ratio (UPCR).
  • 6 of 15 (40%) subjects achieved CR (UPCR < 0.7 g/g) by week 28.
  • Additional 5 of 15 (33%) subjects achieved PR (UPCR > 50% reduction) by week 28.
  • Itolizumab demonstrated a favorable safety and tolerability profile.

Headline financials

Total Revenue

$8.87M

No prior period
EPS (adj)

-$0.11

Previous: -$0.40+72.5%
Capital Expenditures

-$15K

No prior period
Free Cash Flow

-$3.73M

Previous: -$13.1M+71.5%
Net Income

-$3.71M

Previous: -$13.7M+72.9%
Operating Income

-$3.62M

Previous: -$13.2M+72.6%
Gross Profit

$8.84M

No prior period
Cash & Equivalents

$34.4M

Previous: $44.5M-22.7%
Total Assets

$55.2M

Previous: $48.6M+13.6%
R&D Expense

$8.97M

No prior period
Stock-Based Comp

$979K

Previous: $1.19M-17.7%

Revenue & EPS history

Equillium · Revenue · Quarterly

$8.87M

Q3 2023
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

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 Q3 2023

Historical avgQ3 2023

+1.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-1.3%

Avg return

30 days after

55%

17 / 31 earnings

Positive

+42.0%

Q3 2020

Best reaction

-27.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+1.8%-18.9%
Q3 2025+23.8%+20.2%+52.4%
Q2 2025+16.3%+16.3%+90.8%
Q1 2025+5.4%+5.4%-5.4%
Q1 2026+5.4%+5.4%-5.4%
Q4 2024-2.5%-10.0%-16.0%
Q3 2024-19.5%-20.0%-17.6%
Q2 2024-4.6%+0.0%+27.4%
Q1 2024-10.0%-9.4%-52.9%
Q4 2023-27.0%-18.1%-36.5%
Q3 2023-1.8%+0.0%+22.0%
Q2 2023+3.9%+2.6%+6.5%
Q1 2023+3.6%+7.1%+17.9%
Q4 2022+12.3%+10.8%-4.6%
Q3 2022+6.5%+5.9%-28.2%
Q2 2022+1.4%-1.8%-25.5%
Q1 2022+3.7%+13.8%+0.0%
Q4 2021+0.0%-9.1%-10.3%
Q3 2021-13.6%-14.5%-27.0%
Q2 2021+2.7%+2.2%-2.4%
Q1 2021+6.1%+22.3%+19.0%
Q4 2020-8.5%-12.7%-19.5%
Q3 2020+42.0%+27.6%+34.1%
Q2 2020-12.8%-29.7%-45.0%
Q1 2020-14.9%-20.6%-19.7%
Q4 2019-1.1%+2.3%+7.5%
Q3 2019-1.2%+7.1%+45.7%
Q2 2019-0.5%+7.1%-0.5%
Q1 2019+2.0%+2.5%+0.3%
Q4 2018+6.1%+9.2%-20.2%
Q3 2018+6.4%-8.7%-24.5%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017

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