NASDAQ$JAGX

Jaguar Health Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Net revenue decreased and net loss improved in Q1 2023.

Jaguar Health reported a decrease in net revenue for Q1 2023 compared to both Q4 2022 and Q1 2022, but the loss from operations improved over the same period. The company is focusing on patient voice in the HIV community and preparing for the introduction of crofelemer to the market for cancer therapy-related diarrhea.

  • Net revenue for Mytesi® and Canalevia®-CA1 was approximately $2.0 million in Q1 2023, a decrease of 40% compared to Q4 2022 and 25% compared to Q1 2022.
  • Loss from operations decreased by $2.0 million, from $11.8 million in Q1 2022 to $9.8 million in Q1 2023.
  • Patient enrollment completed for Phase 3 OnTarget trial of crofelemer for prophylaxis of cancer therapy-related diarrhea (CTD), with top line results expected in October 2023.
  • Submission of Investigational New Drug (IND) application planned for Q2 2023 to FDA for crofelemer for microvillus inclusion disease (MVID).

Headline financials

Total Revenue

$1.97M

Previous: $2.63M-24.9%
EPS (adj)

-$2.39

Previous: -$30.00+92.0%
Free Cash Flow

-$9.95M

No prior period
Net Income

-$12.2M

Previous: -$18M+32.2%
Operating Income

-$9.8M

Previous: -$11.8M+16.6%
Gross Profit

$1.63M

Previous: $2.17M-25.0%
Cash & Equivalents

$14.4M

Previous: $17.5M-17.7%
Total Assets

$56.9M

Previous: $52.9M+7.6%
Stock-Based Comp

$480K

Previous: $1.06M-54.8%

Revenue & EPS history

Jaguar Health · Revenue · Quarterly

$1.97M

Q1 2023-24.9%vs Q1 2022
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

Jaguar Health · $20.3M total across 2 segments · Q1 2026

  • Human Health
    $19.9M
  • Animal Health
    $345K

Forward guidance

The company expects top line data for the Phase 3 OnTarget trial in October 2023 and plans to submit an Investigational New Drug application to the FDA for MVID in Q2 2023. They anticipate potential participation in revenue generating early access programs in Europe for MVID and other CDD patients targeted for 2024.

Tailwinds

  • Top line results from the OnTarget study expected in October 2023.
  • Investigational New Drug application to the FDA for MVID planned for Q2 2023.
  • Potential participation in revenue generating early access programs in Europe for MVID and other CDD patients targeted for 2024.
  • Publications of data from proof-of-concept trials could support participation in early patient access programs for crofelemer for CDD or SBS.
  • Participation in early access programs provides an opportunity for reimbursement while impacting the morbidity and high cost of care for these chronic unmet needs.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-6.2%

Avg return

Earnings day

-10.0%

Avg return

5 days after

-12.3%

Avg return

30 days after

24%

11 / 45 earnings

Positive

+23.1%

Q3 2023

Best reaction

-36.4%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-2.4%-9.6%
Q1 2026-5.0%-13.6%-37.9%
Q3 2025+2.9%-32.0%-33.1%
Q2 2025-17.9%-25.9%-24.3%
Q1 2025+4.8%-22.5%-36.5%
Q4 2024+8.8%-12.6%+144.8%
Q3 2024-4.6%-10.2%-11.1%
Q2 2024-10.8%+5.8%-7.5%
Q1 2024-12.2%-10.7%-78.7%
Q4 2023-17.8%-6.7%+150.0%
Q3 2023+23.1%+31.3%-46.1%
Q2 2023-10.8%-12.6%-44.9%
Q1 2023-31.7%-32.2%-28.6%
Q4 2022-31.0%-44.4%-51.3%
Q3 2022-6.7%-13.3%-25.3%
Q2 2022-8.8%-8.6%-32.6%
Q1 2022-7.1%-1.4%-15.5%
Q4 2021-7.4%+12.8%+42.5%
Q3 2021-16.7%-20.7%-35.1%
Q2 2021-12.8%-15.0%-34.8%
Q1 2021-2.4%+4.7%+37.8%
Q4 2020+13.8%+14.4%-13.2%
Q3 2020-5.9%+2.0%+108.4%
Q2 2020-21.3%-15.3%-36.5%
Q1 2020-1.4%-0.4%-1.4%
Q4 2019-5.9%-6.5%+2.0%
Q3 2019-36.4%-37.9%-45.0%
Q2 2019-23.9%-27.7%-16.4%
Q1 2019+0.6%+4.1%-60.4%
Q4 2018-9.8%-23.9%-38.6%
Q3 2018-4.3%-8.5%-33.2%
Q2 2018-12.4%-19.9%-50.3%
Q1 2018-4.4%-5.7%-26.6%
Q4 2017+4.6%-1.1%-9.3%
Q3 2017-2.4%-5.0%-32.2%
Q2 2017-6.3%-15.4%-19.7%
Q1 2017-1.2%-0.4%-16.4%
Q4 2016-1.1%+10.3%+16.1%
Q3 2016-1.9%-18.8%-15.8%
Q2 2016+3.4%-6.1%-23.1%
Q1 2016+0.6%
Q4 2015+5.6%
Q3 2015+8.0%
Q2 2015-1.7%
Q1 2015-7.4%
Q4 2014
Q3 2014
Q2 2014
Q1 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro