NASDAQ$KOD

Kodiak Sciences Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported business highlights and financial results for the second quarter of 2022.

Kodiak Sciences reported positive topline results from its Phase 3 pivotal study of tarcocimab tedromer in treatment-naïve patients with macular edema due to retinal vein occlusion. The net loss for the second quarter of 2022 was $90.6 million, or $1.74 per share.

  • BEACON Phase 3 pivotal study of tarcocimab tedromer in retinal vein occlusion topline readout was positive.
  • Tarcocimab tedromer clinical program continued to advance across all ongoing Phase 3 pivotal studies.
  • The company continued its manufacturing scale up and announced the grand opening of its purpose-built bioconjugation facility with its manufacturing partner Lonza in May 2022.
  • Pipeline product candidates KSI-501 and KSI-601 continued to progress.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$1.74

Previous: -$1.08-61.1%
Net loss per common share

-$1.74

Previous: -$1.08-61.1%
Capital Expenditures

-$25.7M

Previous: -$3.77M-581.1%
Free Cash Flow

-$116M

Previous: -$59.6M-95.1%
Net Income

-$90.6M

Previous: -$55.9M-62.3%
Operating Income

-$92.1M

Previous: -$55.9M-64.7%
Gross Profit

$0.00

Previous: $0.00
Cash & Equivalents

$598M

Previous: $881M-32.1%
Total Assets

$782M

Previous: $998M-21.6%
Stock-Based Comp

$26M

Previous: $11.1M+134.3%

Revenue & EPS history

Kodiak Sciences · Revenue · Quarterly

$0

Q2 2022

Forward guidance

Full primary results from the BEACON study are expected to be presented by BEACON Study Investigators at upcoming ophthalmology congresses in September 2022.

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 2022

Historical avgQ2 2022

-1.5%

Avg return

Earnings day

-1.9%

Avg return

5 days after

+11.7%

Avg return

30 days after

48%

14 / 29 earnings

Positive

+24.4%

Q1 2023

Best reaction

-40.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-14.0%-32.6%
Q4 2025-7.1%+2.3%+15.3%
Q3 2025+3.7%+3.5%+26.2%
Q1 2025-2.0%+0.6%+3.4%
Q4 2024-7.2%-12.7%+34.6%
Q3 2024+0.5%+2.5%+54.0%
Q1 2024-2.6%-15.1%-26.8%
Q4 2023-40.3%-41.9%-56.0%
Q3 2023+12.2%+38.3%+71.1%
Q2 2023-16.1%-22.9%-33.4%
Q1 2023+24.4%+26.3%+92.9%
Q4 2022+22.5%+25.8%-6.9%
Q3 2022+3.9%+5.8%-0.1%
Q2 2022+12.5%+9.8%-11.2%
Q1 2022-4.9%+4.3%+60.6%
Q4 2021+2.4%-82.8%-84.7%
Q3 2021-8.3%-7.8%-28.2%
Q2 2021+1.4%+6.2%+14.6%
Q1 2021-19.6%-17.3%-22.7%
Q4 2020-3.0%-6.6%-12.1%
Q3 2020+8.0%+7.6%+14.3%
Q2 2020+1.2%-0.5%+7.2%
Q1 2020-2.3%-0.6%+13.4%
Q4 2019-21.9%-15.3%-6.0%
Q3 2019+0.4%+25.3%+170.1%
Q2 2019-10.9%+0.7%+30.6%
Q1 2019+15.3%+18.1%+59.6%
Q4 2018-1.5%-7.0%+11.1%
Q3 2018+1.1%+12.3%-19.4%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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