NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

KalVista provided an operational update and released financial results.

KalVista Pharmaceuticals reported no revenue for Q4 2023. The company's net loss was $26.3 million, or $(0.77) per share. Research and development expenses were $24.0 million, and general and administrative expenses were $7.8 million. The company's cash, cash equivalents and marketable securities were $149.4 million on April 30, 2023. Target enrollment was achieved for the sebetralstat phase 3 KONFIDENT trial and data readout is expected in Q4.

  • Target enrollment achieved for sebetralstat phase 3 KONFIDENT trial.
  • Data readout from KONFIDENT trial expected in Q4 2023.
  • NDA submission planned for H1 2024.
  • Company funded into 2025.

Headline financials

EPS (adj)

-$0.77

Previous: -$0.98+21.4%
Capital Expenditures

$69K

Previous: $86K-19.8%
Free Cash Flow

-$22.7M

Previous: -$26.9M+15.5%
Net Income

-$26.3M

Previous: -$24.1M-9.1%
Operating Income

-$31.7M

Previous: -$26.8M-18.3%
Cash & Equivalents

$56.2M

Previous: $30.7M+83.0%
Total Assets

$183M

Previous: $204M-10.1%

Revenue & EPS history

KalVista · Revenue · Quarterly

$13.7M

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

Forward guidance

KalVista expects data from the event-driven KONFIDENT trial in the fourth quarter of 2023 and, if successful, anticipates submitting an NDA to the FDA in the first half of 2024. With the financing, KalVista now expects to be able to fund operations into 2025.

Tailwinds

  • Data readout from KONFIDENT trial expected in Q4 2023.
  • NDA submission planned for H1 2024.
  • Company funded into 2025.

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 Q4 2023

Historical avgQ4 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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