NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

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

KalVista Pharmaceuticals reported no revenue for the quarter ended October 31, 2023. The company's net loss was $27.7 million, or $(0.80) per share. Cash, cash equivalents and marketable securities were $103.2 million as of October 31, 2023. The KONFIDENT trial achieved the targeted number of attacks to complete the trial.

  • Achieved the targeted number of on-treatment attacks required to complete the phase 3 KONFIDENT trial, with topline data expected in early 2024 and NDA submission in the first half of 2024.
  • Received Orphan Drug Status (ODS) approval from Switzerland for sebetralstat.
  • Presented real-world patient data at the 2023 Annual Scientific Meeting of the American College of Allergy, Asthma & Immunology.
  • Conducted fireside chats at the Cantor Global Healthcare Conference, Stifel 2023 Healthcare Conference, and Jefferies London Healthcare Conference.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.80

Previous: -$0.90+11.1%
R&D Expenses

$19.1M

No prior period
Capital Expenditures

-$2K

Previous: $192K-101.0%
Free Cash Flow

-$19.8M

Previous: -$20.8M+4.6%
Net Income

-$27.7M

Previous: -$22.3M-24.2%
Operating Income

-$29.7M

Previous: -$25.9M-14.9%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$57.7M

Previous: $38.6M+49.5%
Total Assets

$139M

Previous: $163M-14.8%
R&D Expense

$19.1M

No prior period

Revenue & EPS history

KalVista · Revenue · Quarterly

$0

Q2 2024
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

KalVista anticipates providing data from the phase 3 KONFIDENT clinical trial in early 2024 and expects to file for approval in the European Union and Japan later in 2024.

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 Q2 2024

Historical avgQ2 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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