NASDAQ$MCRB
Seres Therapeutics Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter financial results and provided business updates.
Seres Therapeutics reported a net loss of $32.9 million for the second quarter of 2024. The company's VOWST asset sale is expected to provide a $175 million cash infusion, which will be used to retire debt and advance the company's pipeline.
- VOWST asset sale to provide $175M cash infusion, less approximately $20M in settlement of net obligations.
- SER-155 Phase 1b placebo-controlled Cohort 2 clinical readout on track for September.
- Based on existing cash, deal economics and operating plans, Seres expects to fund operations into Q4 2025.
- Second quarter 2024 net sales for VOWST were approximately $14.4 million, reflecting an increase of approximately 43% compared to first quarter net sales of $10.1 million.
Headline financials
Revenue & EPS history
Seres Therapeutics · Revenue · Quarterly
$0
Forward guidance
Seres expects to fund operations into the fourth quarter of 2025, based on existing cash, deal economics, and operating plans.
Tailwinds
- VOWST asset sale will significantly strengthen Seres’ balance sheet.
- Transaction proceeds to fully retire debt.
- Advancement of wholly-owned cultivated live biotherapeutic pipeline.
- SER-155 program remains on track for a clinical data readout in September.
- Focus on medically vulnerable patient groups with high risk of life-threatening enteric-derived bacterial infections.
Headwinds
- Sale of VOWST asset.
- More than a third of employees will transfer to Nestlé Health Science.
- Net loss of $32.9 million for the second quarter of 2024.
- Uncertainty of impact of the 50/50 profit or loss sharing arrangement on our reported results and liquidity.
- Company may not be able to realize the anticipated benefits of the proposed transaction.
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 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
| Quarter | Report date | Reaction (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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