NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

KalVista reported positive phase 3 KONFIDENT data and completed a substantial financing.

KalVista Pharmaceuticals reported its third fiscal quarter results with key highlights including positive topline data from the Phase 3 KONFIDENT clinical trial and the completion of an underwritten offering that yielded approximately $150.1 million in net proceeds.

  • Phase 3 KONFIDENT clinical trial met all primary and key secondary endpoints and demonstrated a favorable safety profile.
  • Closed an underwritten offering with net proceeds of approximately $150.1 million, expected to provide funding into 2026.
  • Benjamin L. Palleiko was appointed as Chief Executive Officer.
  • The UK MHRA awarded the Innovation Passport for sebetralstat.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.84

Previous: -$0.75-12.0%
R&D Expenses

$22.5M

No prior period
Interest Income

$684K

No prior period
FX Loss

$1.12M

No prior period
Other Income

$2.32M

No prior period
Capital Expenditures

-$19K

Previous: $15K-226.7%
Net Income

-$29M

Previous: -$21.3M-36.1%
Operating Income

-$33.2M

Previous: -$26.9M-23.0%
Gross Profit

$0.00

No prior period
R&D Expense

$22.5M

No prior period

Revenue & EPS history

KalVista · Revenue · Quarterly

$0

Q3 2024
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

KalVista anticipates submitting a new drug application to the U.S. Food and Drug Administration (FDA) for sebetralstat in the first half of 2024 and expects to file for approval in Europe 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 Q3 2024

Historical avgQ3 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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