NASDAQ$LQDA

Liquidia Corporation · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Liquidia reported financial results for the third quarter of 2023 and provided a corporate update.

Liquidia Corporation reported revenue of $3.7 million and a net loss of $15.8 million for the third quarter ended September 30, 2023. The company is focused on advancing YUTREPIA and L606, with key regulatory and legal events anticipated.

  • Received PDUFA goal date of January 24, 2024, to add PH-ILD indication to YUTREPIA label.
  • Oral arguments for appeal of PTAB ruling of ‘793 Patent invalidity scheduled for December 4, 2023.
  • Fully transitioned clinical development of L606 from Pharmosa to Liquidia for the North American territory.
  • Cash totaled $76.2 million as of September 30, 2023.

Headline financials

Total Revenue

$3.68M

Previous: $3.17M+16.2%
EPS (adj)

-$0.24

Previous: -$0.14-71.4%
Capital Expenditures

-$1.08M

Previous: -$101K-973.3%
Free Cash Flow

-$16.9M

Previous: -$9.19M-83.6%
Net Income

-$15.8M

Previous: -$9.09M-73.7%
Operating Income

-$14.9M

Previous: -$8.83M-68.6%
Gross Profit

$3.11M

Previous: $2.43M+28.2%
Cash & Equivalents

$76.2M

Previous: $98.3M-22.5%
Total Assets

$112M

Previous: $133M-15.8%
R&D Expense

$7.14M

No prior period
Stock-Based Comp

$2.49M

Previous: $1.65M+50.9%

Revenue & EPS history

Liquidia · Revenue · Quarterly

$3.68M

Q3 2023+16.2%vs Q3 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Liquidia · $3.7M total across 1 segment · Q3 2023

  • Promotion Agreement
    $3.7M+15.6%

Forward guidance

Liquidia is looking forward to upcoming key events that will help unlock the value of YUTREPIA, with pivotal legal arguments set in early December and potential label expansion of YUTREPIA for PH-ILD in late January. In anticipation of potential successful resolution of the ongoing legal dispute with United Therapeutics and receiving final FDA approval, they have expanded their top-tier sales force.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+3.4%

Avg return

Earnings day

+5.4%

Avg return

5 days after

+3.5%

Avg return

30 days after

60%

18 / 30 earnings

Positive

+31.8%

Q2 2022

Best reaction

-13.3%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+25.4%+34.5%+54.1%
Q4 2025+0.4%+12.9%+9.6%
Q3 2025+8.8%+7.1%+38.5%
Q1 2025-1.0%+3.0%+16.8%
Q4 2024+1.2%+6.2%-6.9%
Q3 2024-5.6%-7.6%+2.7%
Q2 2024+2.9%+10.4%-17.7%
Q1 2024-0.8%+5.4%+10.4%
Q4 2023+9.6%+11.3%-0.2%
Q3 2023-1.0%-4.4%+9.8%
Q2 2023-6.3%-8.9%-7.5%
Q1 2023+5.0%+7.8%+26.1%
Q4 2022+13.5%+13.2%+6.3%
Q3 2022+0.8%-0.4%+14.6%
Q2 2022+31.8%+34.5%+9.9%
Q1 2022+7.7%+21.9%-17.0%
Q4 2021+11.2%+9.7%-17.8%
Q3 2021+9.9%+9.7%+3.1%
Q2 2021-0.8%+11.8%+16.4%
Q1 2021-0.7%+0.0%-0.7%
Q4 2020-7.4%-6.6%+2.2%
Q3 2020+0.7%-12.7%-36.9%
Q2 2020-13.3%-8.5%-23.3%
Q1 2020+8.0%+8.7%+13.4%
Q4 2019-1.5%+1.7%+54.5%
Q3 2019+5.2%+0.6%+6.4%
Q2 2019+6.4%-0.7%-40.6%
Q1 2019-3.0%-0.4%+2.6%
Q4 2018+3.0%+3.1%-43.8%
Q3 2018-9.2%-1.3%+19.4%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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