NASDAQ$MBRX

Moleculin Biotech Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2024.

Moleculin Biotech reported its Q3 2024 financial results, highlighting the ramp-up for the upcoming MIRACLE trial and positive interactions with potential clinical trial sites. The company's focus remains on advancing Annamycin in combination with Cytarabine to a Phase 3 pivotal trial for the treatment of AML patients.

  • On track to start dosing in the pivotal, adaptive Phase 3 MIRACLE trial in Q1 2025 for possible accelerated approval of Annamycin.
  • Median durability of CRc in the MB-106 Annamycin+ Cytarabine AML clinical trial continues to climb, now past 8 months.
  • A virtual AML KOL event underscored how Annamycin could significantly change the AML treatment landscape.
  • Closed a $5.5 million financing upfront with up to an additional $11.0 million of potential aggregate gross proceeds upon the exercise in full of milestone-linked warrants.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS

-$2.85

Previous: -$2.85+0.0%
Capital Expenditures

-$13K

Previous: -$43K+69.8%
Free Cash Flow

-$10.6M

Previous: -$5.65M-87.6%
Net Income

-$10.6M

Previous: -$5.61M-88.8%
Operating Income

-$7.14M

Previous: -$5.95M-20.0%
Gross Profit

$0.00

Previous: $0.00
R&D Expense

$4.93M

Previous: $3.28M+50.4%
Stock-Based Comp

$353K

Previous: $493K-28.4%

Revenue & EPS history

Moleculin · Revenue · Quarterly

$0

Q3 2024

Forward guidance

Moleculin anticipates several milestones for its Annamycin AML development program, including contracting with MIRACLE trial sites and IRB approval in Q4 2024, first subject treated in the MIRACLE trial in Q1 2025, and recruitment and overall efficacy rate update in Q4 2025.

Tailwinds

  • Contracting with MIRACLE trial sites and IRB approval in Q4 2024
  • First subject treated in MIRACLE trial in Q1 2025
  • Recruitment and overall efficacy rate update (n=45) in Q4 2025
  • Interim efficacy and safety data (n=90) unblinded and Optimum Dose set for MIRACLE trial in 2H 2026
  • Begin submission of a Rolling New Drug Application (NDA) for the treatment of R/R AML for accelerated approval on primary endpoint of CR from MIRACLE in 2028 2H

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 2024

Historical avgQ3 2024

-1.2%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-5.3%

Avg return

30 days after

32%

13 / 41 earnings

Positive

+28.1%

Q4 2019

Best reaction

-20.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%+9.8%
Q4 2025+0.0%+20.9%+17.5%
Q3 2025-4.4%-3.5%-56.1%
Q2 2025-4.0%-11.7%-46.1%
Q1 2025-8.2%-1.3%-35.3%
Q4 2024-2.8%-3.7%-12.8%
Q3 2024+3.5%+6.3%+3.9%
Q2 2024-5.1%+2.1%+3.4%
Q1 2024+1.9%+6.7%-9.2%
Q4 2023-20.8%-16.4%-29.9%
Q3 2023+1.9%+9.3%-2.4%
Q2 2023-1.3%-7.5%-32.7%
Q1 2023-14.4%-21.7%-23.1%
Q4 2022-1.9%-7.8%-24.0%
Q3 2022+5.1%+6.1%+48.6%
Q2 2022+9.3%+3.7%-12.3%
Q1 2022+1.6%+9.0%+23.0%
Q4 2021-4.4%-1.7%+1.1%
Q3 2021+0.0%-6.5%-5.7%
Q2 2021-3.3%-11.1%-0.3%
Q1 2021-3.8%-2.1%-99.7%
Q4 2020-1.5%-6.6%-11.6%
Q3 2020+2.9%+8.5%+14.1%
Q2 2020-7.4%-5.6%-29.0%
Q1 2020+0.0%+0.0%+11.2%
Q4 2019+28.1%+27.9%+155.9%
Q3 2019+0.9%-0.9%-4.7%
Q2 2019+6.5%+10.2%+13.0%
Q1 2019-0.8%-5.7%-4.9%
Q4 2018+3.8%-1.5%-0.8%
Q3 2018-3.1%+6.1%-3.8%
Q2 2018+0.0%-1.2%+0.0%
Q1 2018-0.6%-0.6%+12.1%
Q4 2017-3.2%-1.1%-0.5%
Q3 2017-0.4%+3.7%+5.6%
Q2 2017-7.7%-11.8%-3.7%
Q1 2017-4.7%-4.9%+0.0%
Q4 2016-12.8%-28.2%-27.4%
Q3 2016-2.4%+1.7%-50.5%
Q2 2016-1.6%-6.7%-1.0%
Q1 2016+2.3%+5.4%+5.2%
Q3 2015

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