NASDAQ$MCRB

Seres Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Seres Therapeutics reported first quarter 2024 financial results and provided business updates.

Seres Therapeutics reported VOWST net sales of $10.1 million in Q1 2024, with approximately 1,411 patient enrollment forms received and approximately 1,083 new patient starts. The company's net loss for the quarter was $40.1 million, as compared to a net loss of $71.2 million for the same period in 2023.

  • VOWST net sales reached $10.1 million in Q1 2024, driven by continued market adoption.
  • Approximately 1,411 patient enrollment forms were received, with approximately 1,083 new patient starts in Q1 2024.
  • SER-155 Phase 1b Cohort 2 clinical readout is expected by the end of Q3 2024.
  • Seres is evaluating options to secure additional capital to advance its pipeline.

Headline financials

Total Revenue

$0.00

Previous: -$522K+100.0%
EPS

-$0.27

Previous: -$0.57+52.6%
Capital Expenditures

-$62K

Previous: -$4.07M+98.5%
Free Cash Flow

-$40.2M

Previous: -$75.2M+46.6%
Net Income

-$40.1M

Previous: -$71.2M+43.6%
Operating Income

-$39.6M

Previous: -$70.6M+43.9%
Gross Profit

$0.00

Previous: -$522K+100.0%
Cash & Equivalents

$111M

Previous: $94.8M+17.2%
Total Assets

$341M

Previous: $270M+26.3%
R&D Expense

$21.7M

No prior period
Stock-Based Comp

$6.49M

Previous: $6.85M-5.3%

Revenue & EPS history

Seres Therapeutics · Revenue · Quarterly

$0

Q1 2024-100%vs Q1 2023
Beat estimate in 2 of 13 quarters(15%)
ActualEstimate

Forward guidance

Seres anticipates having sufficient resources to support operations through obtaining the SER-155 Cohort 2 data and into the fourth quarter of 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 Q1 2024

Historical avgQ1 2024

-0.3%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+9.8%

Avg return

30 days after

44%

19 / 43 earnings

Positive

+29.9%

Q4 2016

Best reaction

-17.6%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%+0.5%-10.6%
Q4 2025-4.4%+5.1%-6.8%
Q3 2025-8.4%+2.2%+21.2%
Q1 2025-3.7%-7.8%-3.7%
Q4 2024-7.9%+7.8%-14.7%
Q3 2024-10.8%-12.8%+32.4%
Q2 2024+1.5%-1.1%+7.9%
Q1 2024-7.2%-13.1%-44.7%
Q4 2023-11.4%-14.8%-33.8%
Q3 2023-9.7%-15.3%-25.7%
Q2 2023-12.6%-16.1%-29.7%
Q1 2023-4.5%-7.7%+0.7%
Q4 2022+8.2%-4.2%+5.1%
Q3 2022-0.7%-13.1%-21.2%
Q2 2022+19.0%+18.3%+31.5%
Q1 2022-10.1%-22.7%-30.4%
Q4 2021-7.3%-21.3%-11.0%
Q3 2021+10.3%+13.7%+39.3%
Q2 2021+0.9%-0.7%-3.8%
Q1 2021+3.8%+1.9%-9.3%
Q4 2020-14.4%-7.6%-0.8%
Q3 2020-3.9%-0.4%-31.0%
Q2 2020-3.1%-11.0%+488.1%
Q1 2020+21.1%+29.5%+23.2%
Q4 2019+7.3%+12.1%+4.8%
Q3 2019-2.1%-2.9%-3.2%
Q2 2019+5.3%+10.2%+42.2%
Q1 2019-17.5%-20.1%-44.2%
Q4 2018-17.6%+0.5%+1.3%
Q3 2018+3.8%+0.0%-5.4%
Q2 2018+1.6%+2.8%+18.2%
Q1 2018-0.7%+0.0%+0.4%
Q4 2017-4.0%-6.2%-26.5%
Q3 2017+4.1%+0.8%+6.5%
Q2 2017+2.8%+1.8%+4.1%
Q1 2017+2.3%+1.6%-2.6%
Q4 2016+29.9%+19.7%+14.6%
Q3 2016+8.2%+8.9%-14.1%
Q2 2016+14.3%+21.0%+13.5%
Q1 2016+6.5%
Q4 2015+0.9%
Q3 2015-2.1%
Q2 2015-0.1%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013

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