NASDAQ$MIST
Milestone Pharmaceuticals Inc · Q2 2024 earnings
Q2 2024 earnings · · Before market open · Investor relations
Briefing
Milestone Pharmaceuticals reported no revenue and a net loss of $9.4 million for the second quarter ended June 30, 2024.
The company continued development of etripamil with NDA resubmission accepted by FDA and PDUFA date set for March 27, 2025. Operating expenses declined significantly year-over-year as Phase 3 trials completed. Cash position remained stable at $83.3 million including short-term investments.
- Q2 2024 net loss narrowed to $9.4 million from $16.0 million in Q2 2023 due to lower R&D spend.
- FDA accepted NDA resubmission for etripamil in PSVT with PDUFA target action date of March 27, 2025.
- R&D expenses fell 67% to $2.8 million as clinical trials wound down.
- Cash, cash equivalents and short-term investments totaled $83.3 million at quarter end.
Headline financials
Revenue & EPS history
Milestone Pharmaceuticals · Revenue · Quarterly
$0
Forward guidance
NDA for etripamil in PSVT accepted with PDUFA date March 27, 2025; Phase 3 AFib-RVR study planned for 2025.
Tailwinds
- FDA acceptance of NDA resubmission
- Statistically significant Phase 3 data supporting conversion rates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports
+2.5%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.5%
Avg return
30 days after
67%
18 / 27 earnings
Positive
+24.1%
Q3 2021
Best reaction
-23.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q4 2026 | — | — | — | |
| Q1 2026 | -9.5% | -23.2% | — | |
| Q3 2025 | +1.0% | +21.5% | +26.2% | |
| Q2 2025 | +7.1% | +9.7% | +23.2% | |
| Q1 2025 | -1.7% | +8.4% | +38.7% | |
| Q4 2024 | +7.9% | -53.7% | -38.9% | |
| Q3 2024 | -5.2% | -12.4% | -4.1% | |
| Q1 2024 | +1.2% | +2.4% | -16.5% | |
| Q4 2023 | +16.0% | +20.7% | +9.3% | |
| Q3 2023 | -23.0% | -24.4% | -13.7% | |
| Q2 2023 | +1.6% | +2.6% | -7.1% | |
| Q1 2023 | +12.8% | +0.5% | +1.3% | |
| Q4 2022 | -4.0% | -0.3% | -9.0% | |
| Q3 2022 | +13.0% | +7.1% | -0.7% | |
| Q2 2022 | +3.6% | +5.3% | +29.2% | |
| Q1 2022 | -2.5% | +1.6% | +1.6% | |
| Q4 2021 | +12.4% | +17.5% | +22.0% | |
| Q3 2021 | +24.1% | +13.9% | +4.5% | |
| Q2 2021 | +0.2% | +2.1% | +7.1% | |
| Q1 2021 | +0.5% | +2.9% | +8.1% | |
| Q4 2020 | -6.6% | -2.4% | -4.2% | |
| Q3 2020 | +6.1% | +6.0% | +19.8% | |
| Q2 2020 | -1.8% | +0.3% | -12.2% | |
| Q1 2020 | +0.3% | +4.8% | +29.5% | |
| Q4 2019 | +7.4% | +8.7% | -90.4% | |
| Q3 2019 | -4.2% | -1.2% | -7.2% | |
| Q2 2019 | +7.8% | +9.9% | +38.1% | |
| Q1 2019 | +3.4% | -4.5% | -16.2% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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