NASDAQ$IRD
Opus Genetics Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Ocuphire reported a net loss with revenue driven by milestone payments and research & development services.
Ocuphire Pharma reported financial results for the fourth quarter and full year ended December 31, 2023. The company had cash and cash equivalents of approximately $50.5 million as of December 31, 2023, which is expected to fund operations into mid-2025. License and collaboration revenue was $1.7 million for the quarter, and the net loss was $4.8 million, or ($0.21) per basic and diluted share.
- Ocuphire had cash and cash equivalents of approximately $50.5 million as of December 31, 2023.
- License and collaboration revenue was $1.7 million for the fourth quarter of 2023, compared to $39.9 million for the fourth quarter of 2022.
- Net loss was $4.8 million, or ($0.21) per basic and diluted share for the fourth quarter of 2023, compared to net income of $33.9 million, or $1.63 per basic share for the fourth quarter of 2022.
- Management believes the current cash on hand will be sufficient to fund operations into mid-2025.
Headline financials
Revenue & EPS history
Ocuphire · Revenue · Quarterly
$1.69M
Revenue by segment
Ocuphire · $100K total across 1 segment · Q2 2021
- Collaboration Revenue$100K—100.0%
Forward guidance
Ocuphire is focused on advancing its retina pipeline and preparing its late-stage clinical program to progress APX3330 in diabetic retinopathy. RYZUMVI is expected to launch in the first half of 2024. Viatris is expected to continue Phase 3 development of PS in presbyopia and decreased visual acuity under dim light conditions in the first half of 2024.
Tailwinds
- Advancing retina pipeline with APX3330 in diabetic retinopathy
- RYZUMVI launch expected in the first half of 2024
- Viatris to continue Phase 3 development of PS in presbyopia
- Viatris to continue Phase 3 development of PS in decreased visual acuity under dim light conditions
- Cash on hand is expected to fund operations into mid-2025
Headwinds
- Success and timing of regulatory submissions and clinical trials are uncertain
- Changes to clinical trial designs and regulatory pathways may occur
- Delays or difficulties in patient enrollment in clinical trials are possible
- Dependence on third parties for development and commercialization
- Future revenue losses and profitability are uncertain
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 Q4 2023
-3.6%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-3.7%
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% | -23.7% | |
| 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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