NASDAQ$ERAS
Erasca Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results for the second quarter of 2023 and provided business updates.
Erasca reported financial results for Q2 2023, highlighting significant progress across all clinical programs, including promising data for ERAS-007 and ERAS-601. The company's cash runway extends into H2 2025, supported by a strong balance sheet with $365 million in cash, cash equivalents, and marketable securities.
- Advanced clinical programs with Phase 1b combo data for ERAS-007 and ERAS-601.
- ERAS-801 received FTD and ODD designations.
- Naporafenib combination data was published.
- Cash, cash equivalents, and marketable securities totaled $365 million, funding operations into H2 2025.
Headline financials
Revenue & EPS history
Erasca · Revenue · Quarterly
$0
Forward guidance
Erasca anticipates several key milestones, including dosing the first patient in the SEACRAFT-1 Phase 1b trial and initial Phase 1 monotherapy dose escalation data for ERAS-801 in recurrent GBM, both expected in the second half of 2023.
Tailwinds
- Dosing of the first patient in SEACRAFT-1 expected in the second half of 2023
- Initial Phase 1b combination data from SEACRAFT-1 expected between Q2 and Q4 2024
- Dosing of the first patient in SEACRAFT-2 expected in the first half of 2024
- Phase 1b combination expansion data from HERKULES-3 expected between H2 2023 and H1 2024
- Phase 1b combination expansion data from FLAGSHP-1 expected in the first half of 2024
Headwinds
- Preliminary trial results may not indicate final results.
- Clinical outcomes may change as patient enrollment continues.
- Unexpected adverse side effects or inadequate efficacy of product candidates may limit development.
- Unfavorable results from preclinical studies or clinical trials.
- Assumptions around programs with a higher probability of success may not be accurate.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q2 2023
+1.1%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.3%
Avg return
30 days after
58%
11 / 19 earnings
Positive
+11.0%
Q3 2022
Best reaction
-10.1%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | +1.0% | +32.1% | |
| Q4 2025 | -4.3% | -7.8% | +16.1% | |
| Q3 2025 | -4.2% | +7.9% | +35.8% | |
| Q1 2025 | -4.0% | -5.8% | +9.3% | |
| Q4 2024 | +6.0% | -8.2% | +25.0% | |
| Q3 2024 | -8.4% | -14.1% | -15.4% | |
| Q2 2024 | +8.3% | +16.7% | +27.9% | |
| Q1 2024 | -10.1% | -12.8% | +8.9% | |
| Q4 2023 | +4.0% | +9.1% | -4.5% | |
| Q3 2023 | -8.6% | -1.8% | -15.0% | |
| Q2 2023 | +10.6% | -3.2% | -0.8% | |
| Q1 2023 | -1.0% | -3.8% | -5.6% | |
| Q4 2022 | -2.7% | -5.8% | -3.8% | |
| Q3 2022 | +11.0% | +20.7% | -19.1% | |
| Q2 2022 | +2.5% | +4.4% | -10.8% | |
| Q1 2022 | +2.8% | +9.4% | -4.6% | |
| Q4 2021 | +9.1% | +8.1% | -9.7% | |
| Q3 2021 | +2.2% | -3.1% | -28.9% | |
| Q2 2021 | +4.8% | +8.9% | -12.3% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro