NASDAQ$MIST

Milestone Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for the third quarter and provided a clinical and corporate update.

Milestone Pharmaceuticals reported financial results for the third quarter ended September 30, 2022, and provided a clinical and corporate update. The company is keenly focused on preparations for their planned New Drug Application (NDA), which they expect to submit to the U.S. Food and Drug Administration (FDA) in mid-2023 pending agency feedback.

  • Phase 3 RAPID trial of etripamil in patients with PSVT achieved primary efficacy endpoint.
  • Safety and tolerability data from repeat dose administration consistent with prior studies utilizing single-dose administration of etripamil.
  • Analyses from etripamil Phase 3 PSVT studies featured during Late-Breaking session at AHA Scientific Sessions 2022 demonstrated significant reductions in emergency department utilization for etripamil-treated patients.
  • Company plans to submit NDA for etripamil in PSVT to the U.S. FDA in mid-2023 pending Agency feedback

Headline financials

Total Revenue

$1.5M

No prior period
EPS (adj)

-$0.34

Previous: -$0.34+0.0%
Capital Expenditures

$103K

No prior period
Free Cash Flow

-$11.7M

No prior period
Net Income

-$14.1M

Previous: -$14.2M+1.0%
Operating Income

-$15M

Previous: -$14.3M-5.3%
Cash & Equivalents

$37.3M

Previous: $111M-66.5%
Total Assets

$85.8M

Previous: $134M-35.9%
Stock-Based Comp

$2.38M

Previous: $2.02M+17.6%

Revenue & EPS history

Milestone Pharmaceuticals · Revenue · Quarterly

$1.5M

Q3 2022
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Milestone Pharmaceuticals plans to submit NDA for etripamil in PSVT to the U.S. FDA in mid-2023 pending Agency feedback.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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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