NASDAQ$HLVX

HilleVax Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2023 and highlighted recent company progress.

HilleVax reported a net loss of $31.8 million for the third quarter of 2023. The company's cash, cash equivalents, and marketable securities totaled $324.4 million as of September 30, 2023. Research and development expenses for the third quarter 2023 were $27.3 million.

  • Closed an underwritten public offering of 9,200,000 shares of its common stock at a price of $12.50 per share for gross proceeds of $115.0 million in Q3 2023.
  • Initiated three clinical trials supporting the advancement of HIL-214 in Q3 2023; NOR-109, NOR-206, and NOR-215, and completed enrollment of subjects in all three clinical trials as of October 2023.
  • Announced completion of enrollment of the NEST-IN1 Phase 2b clinical trial with over 3,000 subjects enrolled in six countries in Q2 2023.
  • Topline safety and clinical efficacy data from NEST-IN1 is expected in mid-2024.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.81

Previous: -$0.45-80.0%
Capital Expenditures

-$2.19M

Previous: $185K-1281.6%
Free Cash Flow

-$29M

Previous: -$19.7M-46.9%
Net Income

-$31.8M

Previous: -$15.5M-105.1%
Operating Income

-$33.9M

Previous: -$17.9M-89.5%
Gross Profit

-$653K

No prior period
Cash & Equivalents

$324M

Previous: $292M+11.1%
Total Assets

$367M

Previous: $322M+13.9%
R&D Expense

$27.3M

No prior period
Stock-Based Comp

$3.95M

Previous: $844K+367.5%

Revenue & EPS history

HilleVax · Revenue · Quarterly

$0

Q3 2023

Forward guidance

HilleVax is expecting topline safety and clinical efficacy data from NEST-IN1 in mid-2024.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

-3.3%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-0.9%

Avg return

30 days after

22%

4 / 18 earnings

Positive

+7.9%

Q4 2024

Best reaction

-16.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025+0.5%+0.5%+2.0%
Q1 2025-1.0%-5.6%-6.7%
Q4 2024+7.9%-10.1%+17.0%
Q3 2024-2.6%+1.6%+2.6%
Q2 2024-0.6%+5.7%+8.2%
Q1 2024+2.7%-3.0%+0.2%
Q4 2023-9.0%-5.4%-29.5%
Q3 2023+1.5%
Q2 2023-16.7%
Q1 2023-1.2%
Q4 2022-12.1%
Q3 2022-8.2%
Q3 2021-8.2%
Q2 2021-6.5%
Q2 2022-6.5%
Q1 2022+0.0%
Q1 2021+0.0%
Q4 2021+0.0%

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