NASDAQ$GRCE
Grace Therapeutics Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Acasti Pharma's operating and financial results for the second quarter of fiscal 2022 were announced and a business update was provided.
Acasti Pharma reported having $50.8 million in cash, cash equivalents and short-term investments as of September 30, 2021, and completed a merger with Grace Therapeutics. Subject enrollment has commenced for a pivotal PK bridging study for GTX-104. Four composition of matter patents granted for GTX-101 and GTX-102.
- Successfully completed a merger with Grace Therapeutics, expanding the pipeline with drug candidates focused on rare diseases.
- Commenced subject enrollment for a pivotal PK bridging study for GTX-104, assessing its bioavailability compared to oral nimodipine capsules.
- Strengthened patent portfolio with four composition of matter patents granted for GTX-101 and GTX-102.
- Acasti had $50.8 million of cash, cash equivalents and short-term investments as of September 30, 2021, providing at least two years of operating runway.
Headline financials
Revenue & EPS history
Acasti Pharma · Revenue · Quarterly
$36K
Forward guidance
Acasti anticipates reporting the results of the GTX-104 study during the first half of calendar 2022 and plans to commence a Phase 3 safety study of GTX-104 in the second half of calendar 2022.
Tailwinds
- GTX-104 has the potential to provide improved bioavailability.
- GTX-104 has the potential to provide lower intra-subject variability compared to oral capsules.
- GTX-104 could result in better management of hypotension in patients with SAH.
- GTX-104 could potentially lead to better outcomes.
- The patents provide protection in important international markets beyond 2036.
Headwinds
- Success and timing of regulatory submissions of the PK bridging study for GTX-104
- Regulatory requirements or developments and the outcome of meetings with the Food and Drug Administration.
- Changes to clinical trial designs and regulatory pathways.
- Legislative, regulatory, political and economic developments.
- The effects of COVID-19 on clinical programs and business operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q2 2022
+0.7%
Avg return
Earnings day
+31.8%
Avg return
5 days after
+22.6%
Avg return
30 days after
44%
7 / 16 earnings
Positive
+12.3%
Q3 2022
Best reaction
-5.3%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +2.3% | +4.3% | +9.2% | |
| Q1 2026 | +3.5% | +5.2% | +3.9% | |
| Q4 2025 | -2.3% | -1.0% | +11.7% | |
| Q4 2024 | +1.6% | -3.6% | +9.4% | |
| Q3 2025 | +0.0% | -1.7% | -37.4% | |
| Q1 2025 | -1.0% | -11.7% | -16.5% | |
| Q2 2025 | +3.8% | -0.9% | +12.2% | |
| Q3 2024 | -1.2% | +34.7% | +38.8% | |
| Q2 2024 | -2.0% | -2.3% | -4.5% | |
| Q1 2024 | -1.9% | +17.0% | -22.0% | |
| Q4 2023 | -5.3% | -7.0% | -25.7% | |
| Q3 2022 | +12.3% | -1.6% | -28.1% | |
| Q2 2022 | -3.6% | -14.0% | -30.0% | |
| Q4 2022 | -3.2% | +491.2% | +471.7% | |
| Q3 2021 | +7.0% | +3.5% | -10.5% | |
| Q1 2022 | +1.7% | -3.4% | -20.7% |
Discussion
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