NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

KalVista submitted NDA for sebetralstat and announced phase 3 trial results, anticipating potential FDA approval and launch in first half 2025.

KalVista Pharmaceuticals reported no revenue for the quarter ended April 30, 2024. The company submitted the NDA for sebetralstat to the FDA and announced the KONFIDENT phase 3 trial results. They anticipate approval and launch in the US in the first half of 2025.

  • Submitted NDA for sebetralstat to the FDA.
  • Initiated a pediatric clinical trial (KONFIDENT-KID) using an orally disintegrating tablet (ODT) formulation of sebetralstat.
  • Data from phase 3 KONFIDENT trial of sebetralstat was published in the New England Journal of Medicine (NEJM).
  • KalVista is on track for Market Authorization Application submissions to both European Medicines Agency and UK Medicines and Healthcare Products Regulatory Agency in Q3 2024 as well as a JNDA submission to the Japanese Pharmaceuticals and Medical Devices Agency in Q4 2024.

Headline financials

Total Revenue

$1.21M

No prior period
EPS (adj)

-$1.02

Previous: -$0.77-32.5%
R&D Expenses

$25.3M

No prior period
Capital Expenditures

-$416K

Previous: $69K-702.9%
Net Income

-$44.7M

Previous: -$26.3M-69.9%
Operating Income

-$48.5M

Previous: -$31.7M-52.7%
Gross Profit

$987K

No prior period
R&D Expense

$25.2M

No prior period

Revenue & EPS history

KalVista · Revenue · Quarterly

$1.21M

Q4 2024
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

KalVista is awaiting potential FDA approval and launch of sebetralstat in the first half of 2025 and plans to submit additional marketing authorization applications.

Tailwinds

  • Potential FDA approval and launch of sebetralstat in first half 2025
  • Submitted NDA for sebetralstat as first-ever, oral on-demand treatment for HAE attacks
  • Initiated ahead of schedule a pediatric clinical trial (KONFIDENT-KID)
  • Data from phase 3 KONFIDENT trial of sebetralstat was published in the New England Journal of Medicine (NEJM)
  • KalVista is on track for Market Authorization Application submissions to both European Medicines Agency and UK Medicines and Healthcare Products Regulatory Agency in Q3 2024 as well as a JNDA submission to the Japanese Pharmaceuticals and Medical Devices Agency in Q4 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 Q4 2024

Historical avgQ4 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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