NASDAQ$JBIO
Jade Biosciences Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Aerovate reported financial results for the second quarter of 2023, highlighted by the progress of the IMPAHCT clinical trial and an extended cash runway into 2026.
Aerovate Therapeutics announced its Q2 2023 financial results, noting progress in its IMPAHCT Phase 2b/Phase 3 clinical trial and an extended cash runway into 2026. The company's cash, cash equivalents, and available-for-sale securities totaled $150.1 million. R&D expenses were $16.0 million, and G&A expenses were $4.3 million, resulting in a net loss of $19.0 million.
- Continued progress was made on the IMPAHCT global Phase 2b/Phase 3 clinical trial.
- Cash runway was extended into 2026.
- Nonclinical pharmacokinetic data was presented at the ATS 2023 International Conference.
- Habib Dable was appointed to the Board of Directors and Compensation Committee.
Headline financials
Revenue & EPS history
Aerovate · Revenue · Quarterly
$0
Forward guidance
Aerovate expects that its cash, cash equivalents and available-for-sale securities will be sufficient to fund its operations into 2026, based on its current operating plan.
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 Q2 2023
-1.6%
Avg return
Earnings day
-2.1%
Avg return
5 days after
+2.6%
Avg return
30 days after
56%
10 / 18 earnings
Positive
+24.6%
Q3 2023
Best reaction
-35.0%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.2% | +1.0% | +11.6% | |
| Q2 2025 | +0.1% | -0.5% | +4.9% | |
| Q1 2025 | +1.8% | -0.3% | -4.8% | |
| Q4 2024 | +0.4% | +0.4% | -85.8% | |
| Q3 2024 | +0.0% | -3.8% | -2.7% | |
| Q1 2024 | -2.8% | +3.7% | +16.1% | |
| Q4 2023 | -0.5% | +14.7% | -17.8% | |
| Q3 2023 | +24.6% | +27.6% | +68.5% | |
| Q2 2023 | -3.5% | -6.0% | -10.8% | |
| Q1 2023 | -7.6% | -12.2% | -19.8% | |
| Q4 2022 | +0.7% | +1.7% | +9.4% | |
| Q3 2022 | +0.6% | -7.1% | +32.9% | |
| Q2 2022 | -13.7% | -17.3% | -26.4% | |
| Q1 2022 | -6.3% | +0.7% | -5.9% | |
| Q4 2021 | +8.0% | -4.8% | -24.9% | |
| Q3 2021 | -35.0% | -33.8% | -42.7% | |
| Q1 2021 | +1.8% | -1.0% | +72.5% | |
| Q2 2021 | +1.8% | -1.0% | +72.5% | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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