NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

KalVista reported first fiscal quarter results, with KVD824 Phase 2 clinical trial reaching 50% enrollment and an open label extension study initiated for sebetralstat.

KalVista Pharmaceuticals reported no revenue for the first fiscal quarter ended July 31, 2022. Research and development expenses increased to $18.2 million, and general and administrative expenses rose to $8.1 million. The net loss for the quarter was $23.0 million, or $(0.94) per share. Cash, cash equivalents, and marketable securities totaled $142.1 million as of July 31, 2022.

  • KVD824 KOMPLETE Phase 2 clinical trial reached 50% enrollment milestone.
  • KONFIDENT-S open label extension study was initiated for sebetralstat.
  • Enrollment is proceeding as expected for the Phase 3 KONFIDENT trial for sebetralstat, with data expected in the second half of 2023.
  • The Phase 2 KOMPLETE clinical trial for KVD824 also remains on track with its enrollment targets, with data expected in mid-2023.

Headline financials

EPS (adj)

-$0.94

Previous: -$0.66-42.4%
Capital Expenditures

$920K

Previous: $287K+220.6%
Free Cash Flow

-$23.7M

Previous: -$18M-31.3%
Net Income

-$23M

Previous: -$16.1M-42.8%
Operating Income

-$26.3M

Previous: -$19.5M-34.8%
Cash & Equivalents

$37.9M

Previous: $48.3M-21.7%
Total Assets

$182M

Previous: $259M-29.6%

Revenue & EPS history

KalVista · Revenue · Quarterly

$13.7M

Q3 2026
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

The press release contains forward-looking statements regarding the timing and outcomes of clinical trials, the safety and efficacy of product candidates, and the ability to obtain regulatory approvals.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.7%

Avg return

30 days after

49%

21 / 43 earnings

Positive

+20.3%

Q4 2018

Best reaction

-26.3%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+1.1%+26.3%+56.4%
Q1 2026-3.8%-12.3%-25.3%
Q4 2025-3.1%-5.1%-22.4%
Q3 2025+2.0%-2.6%+5.1%
Q2 2025-4.2%-0.2%-4.5%
Q1 2025-4.5%-13.2%-12.1%
Q4 2024+3.7%+21.3%+2.6%
Q3 2024-13.0%-16.9%-16.9%
Q2 2024-9.0%+8.8%+26.8%
Q1 2024-4.0%-4.2%-12.2%
Q4 2023+17.0%+7.6%+23.5%
Q3 2023-10.4%-1.3%+2.7%
Q2 2023+9.8%+7.3%+27.8%
Q1 2023+1.4%-2.5%-68.4%
Q4 2022+10.6%+18.0%+37.5%
Q3 2022-9.3%-14.6%-16.4%
Q2 2022-0.4%-2.9%-4.2%
Q1 2022-0.6%-6.0%-14.4%
Q4 2021-3.0%-2.9%-14.0%
Q3 2021+3.4%+8.9%-16.8%
Q2 2021+5.2%+5.1%-7.0%
Q1 2021+2.0%+1.3%+9.8%
Q4 2020+7.2%+4.2%-18.8%
Q3 2020-26.3%-41.2%-20.9%
Q2 2020-1.8%-5.7%+18.9%
Q1 2020+8.7%+1.0%-29.4%
Q4 2019-0.5%+1.4%-6.7%
Q3 2019+10.4%+7.6%-0.2%
Q2 2019-14.0%-21.2%-15.5%
Q1 2019+9.6%+4.6%+20.6%
Q4 2018+20.3%+29.8%+94.0%
Q3 2018+4.7%+11.7%+0.8%
Q2 2018-4.8%-12.3%+0.2%
Q1 2018-21.5%-23.6%+9.8%
Q4 2017-0.8%-2.7%-11.6%
Q3 2017+1.9%-1.0%-12.2%
Q2 2017-1.9%-2.9%-1.6%
Q1 2017+0.4%+13.1%-13.3%
Q4 2016-3.2%
Q3 2016+7.1%
Q2 2016-3.2%
Q1 2016+1.3%
Q4 2015+2.4%
Q3 2015
Q2 2014
Q1 2014
Q4 2014
Q3 2013

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