NASDAQ$GRCE
Grace Therapeutics Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a net loss with ongoing progress in GTX-104 development and STRIVE-ON trial.
Acasti Pharma reported a net loss of $2.4 million for the quarter ended December 31, 2023, a decrease of $1.5 million compared to the same period in 2022. The company is focused on its GTX-104 program and the STRIVE-ON Phase 3 trial, with patient enrollment ongoing. Acasti's cash runway is projected to extend into the second calendar quarter of 2026.
- Net loss decreased by $1.5 million compared to the same quarter last year.
- Patient enrollment in the pivotal STRIVE-ON Phase 3 trial is ongoing and on track for NDA submission.
- Cash runway is expected to extend into the second calendar quarter of 2026.
- Dosing of first patient in STRIVE-ON trial was announced.
Headline financials
Revenue & EPS history
Acasti Pharma · Revenue · Quarterly
$0
Forward guidance
Acasti anticipates continued progress with the STRIVE-ON trial and is focused on a potential NDA submission in the first half of 2025. The company believes its current cash resources are sufficient to fund operations into the second calendar quarter of 2026.
Tailwinds
- STRIVE-ON trial on track for potential NDA submission in the first half of calendar 2025.
- Focus on GTX-104 program to address unmet medical needs for aSAH.
- Cash runway expected to extend into the second calendar quarter of 2026.
- Orphan Drug Designation by the FDA provides seven years of marketing exclusivity post-launch in the United States.
- GTX-104 has the potential to better manage hypotension in aSAH patients.
Headwinds
- Success and timing of regulatory submissions of the Phase 3 safety trial for GTX-104.
- Regulatory requirements or developments and the outcome and timing of the proposed NDA application for GTX-104.
- Changes to clinical trial designs and regulatory pathways.
- Legislative, regulatory, political and economic developments.
- Actual costs associated with Acasti's clinical trials as compared to management's current expectations.
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 Q3 2024
+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% |
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