NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

KalVista reported first fiscal quarter results and provided an operational update.

KalVista Pharmaceuticals reported its first fiscal quarter results, highlighting the achievement of target enrollment in the Phase 3 KONFIDENT trial for sebetralstat and preparations for an NDA filing in H1 2024. The company also announced the appointment of Nicole Sweeny as Chief Commercial Officer.

  • Target enrollment of 114 patients achieved in the phase 3 KONFIDENT trial, with data readout expected in Q4 2023.
  • NDA submission to the FDA anticipated in the first half of 2024, pending successful trial results.
  • Nicole Sweeny appointed as Chief Commercial Officer to support commercialization efforts.
  • Continued to advance plans for the eventual worldwide launch of sebetralstat by hiring a General Manager, Japan.

Headline financials

EPS (adj)

-$0.74

Previous: -$0.94+21.3%
Capital Expenditures

$6K

Previous: $920K-99.3%
Free Cash Flow

-$26.7M

Previous: -$23.7M-13.0%
Net Income

-$25.3M

Previous: -$23M-10.1%
Operating Income

-$29.1M

Previous: -$26.3M-10.6%
Cash & Equivalents

$49.4M

Previous: $37.9M+30.5%
Total Assets

$160M

Previous: $182M-12.1%

Revenue & EPS history

KalVista · Revenue · Quarterly

$13.7M

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

Forward guidance

KalVista anticipates data readout from the Phase 3 KONFIDENT trial in Q4 2023 and, if successful, plans to submit an NDA to the FDA in the first half of 2024.

Tailwinds

  • Phase 3 KONFIDENT clinical trial achieved target enrollment.
  • Data readout on track for Q4.
  • Preparations continue for NDA filing H1 2024.
  • Rapid commercialization upon approval is planned.
  • Sebetralstat has the potential to significantly improve HAE therapeutic options in Japan.

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 2024

Historical avgQ1 2024

-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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