NASDAQ$ETON

Eton Pharmaceuticals Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Eton Pharmaceuticals reported Q2 2024 results with product sales and royalty revenue increasing and NDA for ET-400 accepted by the FDA.

Eton Pharmaceuticals reported a net loss of $2.9 million, which includes a $2.0 million ET-400 filing fee. However, the company saw a 40% increase in product sales and royalty revenue compared to Q2 2023, reaching $9.1 million, driven by ALKINDI SPRINKLE and Carglumic Acid. The FDA accepted the NDA for ET-400 with a PDUFA date of February 28, 2025. The company generated $1.3 million in operating cash flow, including the payment of the one-time $2.0 million NDA filing fee for ET-400.

  • Product sales and royalty revenue reached $9.1 million, a 40% increase year-over-year.
  • ALKINDI SPRINKLE revenue grew 63% year-over-year.
  • NDA for ET-400 was accepted by the FDA with a PDUFA date of February 28, 2025.
  • The company generated $1.3 million in operating cash flow, including the $2.0 million ET-400 filing fee.

Headline financials

Total Revenue

$9.07M

Previous: $12M-24.4%
EPS

-$0.12

Previous: $0.18-166.7%
Adjusted Gross Profit

$5.9M

No prior period
Adjusted Gross Margin

65.0%

No prior period
General and Administrative Expenses

$5.59M

No prior period
Adjusted EBITDA

-$1.6M

No prior period
Research and Development Expenses

$2.97M

No prior period
Capital Expenditures

-$14K

Previous: $0.00
Free Cash Flow

-$3.06M

Previous: $4.56M-167.0%
Net Income

-$3.04M

Previous: $4.56M-166.7%
Operating Income

-$2.94M

Previous: $3.88M-175.6%
Gross Profit

$5.63M

Previous: $9.68M-41.9%
Cash & Equivalents

$17.7M

Previous: $21.6M-18.0%
Total Assets

$31.8M

Previous: $30.9M+2.9%
R&D Expense

$2.97M

No prior period
Stock-Based Comp

$840K

Previous: $785K+7.0%

Revenue & EPS history

Eton · Revenue · Quarterly

$9.07M

Q2 2024-24.4%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Eton · $24.3M total across 1 segment · Q1 2026

  • Product Sales and Royalties
    $24.3M

Forward guidance

Eton expects to continue to see sequential quarter-over-quarter growth of product sales through the remainder of 2024 and beyond. Eton anticipates initiating production of launch quantities in the fourth quarter of 2024, to allow for a commercial launch promptly after the expected approval.

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 Q2 2024

Historical avgQ2 2024

+0.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

48%

15 / 31 earnings

Positive

+36.0%

Q2 2023

Best reaction

-14.1%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.0%+6.7%
Q4 2025+7.5%+14.8%+20.6%
Q3 2025-11.4%-8.8%-15.0%
Q2 2025+12.5%+12.2%+15.8%
Q1 2025+0.4%+14.6%-16.2%
Q4 2024-4.0%-7.0%-6.2%
Q3 2024+9.2%+3.2%+25.2%
Q2 2024+6.6%+8.0%+31.5%
Q1 2024-7.8%-2.4%-3.0%
Q4 2023-14.1%-21.0%-23.7%
Q3 2023-13.7%-16.6%-19.1%
Q2 2023+36.0%+79.5%+83.7%
Q1 2023+2.8%+2.6%+10.3%
Q4 2022+2.6%+7.1%-7.4%
Q3 2022+18.5%+20.9%+22.8%
Q2 2022-1.0%-19.4%-22.8%
Q1 2022+1.3%+6.5%-4.9%
Q4 2021+6.1%+8.7%-1.5%
Q3 2021-3.4%-9.2%-20.7%
Q2 2021-5.0%-0.2%+12.7%
Q1 2021+5.2%+7.5%-13.4%
Q4 2020-0.7%-1.1%+5.9%
Q3 2020-1.5%+2.9%+19.9%
Q2 2020-2.2%+4.4%+12.4%
Q1 2020-9.2%-10.3%-1.1%
Q4 2019-8.4%-21.9%-39.8%
Q3 2019+1.9%+2.3%+9.2%
Q2 2019+1.6%-1.8%-14.2%
Q1 2019+3.2%+12.2%+5.9%
Q4 2018-2.3%+2.6%-5.8%
Q3 2018-8.1%-4.8%-3.2%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017

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