NASDAQ$EWTX

Edgewise Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2024 and provided recent business highlights.

Edgewise Therapeutics reported positive two-year topline results from the ARCH open label trial and advanced the GRAND CANYON pivotal cohort in Becker. The company also initiated the Phase 2 CIRRUS-HCM trial of EDG-7500 in patients with obstructive HCM.

  • Announced positive two-year topline results of sevasemten ARCH open label trial and advanced GRAND CANYON pivotal cohort in Becker.
  • Reported positive interim topline data for DUNE trial of sevasemten in Becker.
  • Expanded Phase 2 LYNX trial of sevasemten in Duchenne.
  • Initiated Phase 2 CIRRUS-HCM trial of EDG-7500 in patients with obstructive HCM.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.33

Previous: -$0.36+8.3%
Capital Expenditures

-$297K

Previous: $4.37M-106.8%
Net Income

-$28.5M

Previous: -$22.8M-24.8%
Operating Income

-$34.8M

Previous: -$25.7M-35.2%
Gross Profit

-$525K

No prior period
R&D Expense

$27.2M

No prior period
Stock-Based Comp

$4.87M

Previous: $3.84M+26.9%

Revenue & EPS history

Edgewise Therapeutics · Revenue · Quarterly

$0

Q1 2024

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

-4.0%

Avg return

30 days after

40%

8 / 20 earnings

Positive

+16.0%

Q2 2022

Best reaction

-12.3%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-1.7%-4.3%+2.4%
Q3 2025-1.7%+23.7%+35.8%
Q2 2025-4.1%-0.9%+15.2%
Q1 2025+2.4%+1.0%+5.8%
Q4 2024-2.4%+7.0%-40.7%
Q3 2024-0.7%-3.9%-11.0%
Q1 2024-12.3%-16.5%-15.5%
Q4 2023-1.3%-3.7%-7.1%
Q3 2023-10.7%+5.5%+13.0%
Q2 2023+3.4%+12.5%-3.4%
Q1 2023-6.5%-5.5%-2.8%
Q4 2022-3.0%-2.8%-30.3%
Q3 2022+1.8%+2.1%-5.7%
Q2 2022+16.0%+6.8%+17.1%
Q1 2022+1.6%-0.8%-18.9%
Q4 2021+13.0%-2.5%-19.3%
Q3 2021-1.8%-3.4%-3.1%
Q2 2021-5.6%-10.6%-7.9%
Q1 2021+5.2%+4.7%-1.6%
Q4 2020+5.2%+4.7%-1.6%
Q3 2020
Q2 2020
Q1 2020

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