NASDAQ$IRD
Opus Genetics Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Ocuphire reported financial results for the second quarter of 2022 and provided a corporate update.
Ocuphire Pharma reported a net loss of $4.9 million for Q2 2022, with cash and cash equivalents totaling $17.0 million as of June 30, 2022. The company is focused on a late 2022 NDA filing for Nyxol in reversal of mydriasis and anticipates potential approval in 2023.
- Completed final clinical trials for Nyxol in reversal of mydriasis (RM) and held a pre-NDA meeting with the FDA.
- On track for a late 2022 NDA submission for Nyxol in RM, with potential approval in 2023.
- Reported positive results from the Phase 3 LYNX-1 trial of Nyxol in Night Vision Disturbances (NVD).
- Plans to initiate the VEGA Phase 3 FDA registration program for Nyxol in presbyopia in 2H 2022.
Headline financials
Revenue & EPS history
Ocuphire · Revenue · Quarterly
$0
Revenue by segment
Ocuphire · $100K total across 1 segment · Q2 2021
- Collaboration Revenue$100K—100.0%
Forward guidance
Ocuphire anticipates several key milestones in the near future, including the planned NDA submission for Nyxol in RM, the initiation of VEGA-2 trial for Nyxol in presbyopia, and the report of top-line results from the APX3330 Phase 2b ZETA-1 trial in diabetic retinopathy.
Tailwinds
- Planned NDA with the FDA for Nyxol in RM indication in late 2022, with potential launch in 2H 2023.
- Plan to initiate VEGA-2 trial for Nyxol alone and with low dose pilocarpine in presbyopia in 2H 2022.
- Expects to file a supplemental NDA for Nyxol as a single-agent for presbyopia and a new NDA for the combination thereafter.
- Report top-line results from the APX3330 Phase 2b ZETA-1 trial in 2H 2022.
- Current cash sufficient to fund operations through Q3 2023.
Headwinds
- Success of regulatory filings and clinical trials are subject to risks and uncertainties.
- Capital resource requirements may change.
- Inability to obtain sufficient additional capital to advance product candidates.
- Legislative, regulatory, political, and economic developments may affect results.
- COVID-19 effects 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 19 quarterly earnings reports · overlaid with Q2 2022
-3.6%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-3.1%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+16.7%
Q1 2017
Best reaction
-47.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | -6.1% | — | |
| Q4 2025 | +1.7% | +5.5% | +15.3% | |
| Q3 2025 | -3.1% | -11.7% | +19.8% | |
| Q2 2025 | +7.4% | +0.9% | +25.5% | |
| Q1 2025 | +7.5% | +4.2% | +2.1% | |
| Q3 2024 | -7.7% | -9.4% | -5.1% | |
| Q2 2024 | -24.7% | -19.9% | -24.1% | |
| Q1 2024 | -14.3% | -11.7% | -13.8% | |
| Q4 2023 | -12.2% | -13.9% | -19.7% | |
| Q3 2023 | +13.4% | +3.5% | -4.9% | |
| Q2 2023 | +0.5% | +0.7% | -3.1% | |
| Q1 2023 | -18.9% | -28.0% | -36.0% | |
| Q4 2022 | +4.2% | +44.2% | +42.5% | |
| Q3 2022 | -2.8% | +13.1% | +52.3% | |
| Q2 2022 | -9.7% | -6.1% | -14.3% | |
| Q1 2022 | +8.5% | +6.5% | +5.5% | |
| Q4 2021 | +11.1% | -9.9% | -35.9% | |
| Q3 2021 | -0.3% | -10.9% | -5.6% | |
| Q2 2021 | -8.5% | -14.7% | -0.6% | |
| Q1 2021 | -7.8% | -5.9% | +17.4% | |
| Q4 2020 | -12.7% | -7.8% | -34.7% | |
| Q3 2020 | +1.4% | -10.8% | -22.4% | |
| Q2 2020 | -1.6% | +1.2% | -25.9% | |
| Q1 2020 | -16.4% | -2.7% | +3.8% | |
| Q3 2019 | -5.9% | -9.3% | -11.2% | |
| Q2 2019 | -47.3% | -49.3% | -54.8% | |
| Q1 2019 | -10.4% | -11.0% | -10.3% | |
| Q2 2018 | +2.7% | +5.4% | +17.0% | |
| Q4 2018 | -2.9% | -3.5% | -4.7% | |
| Q3 2017 | +4.9% | +6.5% | +15.7% | |
| Q2 2017 | +5.9% | -1.6% | +26.5% | |
| Q1 2017 | +16.7% | +29.2% | -10.4% | |
| Q2 2016 | +0.0% | -3.7% | -3.7% | |
| Q1 2014 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — |
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