NASDAQ$ORIC

ORIC Pharmaceuticals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

ORIC Pharmaceuticals reported financial results and operational updates for Q1 2023.

ORIC Pharmaceuticals reported cash and investments of $208.9 million, expected to fund the operating plan into the first half of 2025. The company is advancing its novel oncology pipeline, with initial Phase 1b data expected in the second half of 2023 for three ongoing clinical trials.

  • Initial Phase 1b data for ORIC-533 in multiple myeloma is expected in the second half of 2023.
  • Initial Phase 1b data for ORIC-114 in EGFR/HER2-mutated cancers is expected in the second half of 2023.
  • Initial Phase 1b data for ORIC-944 in prostate cancer is expected in the second half of 2023.
  • Preclinical data for ORIC-944 and PLK4 program were presented at the 2023 AACR Annual Meeting.

Headline financials

EPS (adj)

-$0.53

Previous: -$0.59+10.2%
Capital Expenditures

$310K

Previous: $723K-57.1%
Free Cash Flow

-$20.9M

Previous: -$23.4M+10.7%
Net Income

-$23.9M

Previous: -$23.2M-3.4%
Operating Income

-$25.7M

Previous: -$23.3M-10.4%
Cash & Equivalents

$190M

Previous: $235M-19.2%
Total Assets

$227M

Previous: $275M-17.6%
Stock-Based Comp

$3.61M

Previous: $3.95M-8.4%

Revenue & EPS history

ORIC Pharmaceuticals · Revenue · Quarterly

$0

Q2 2025

Forward guidance

ORIC Pharmaceuticals expects the cash and investments of $208.9 million as of March 31, 2023 will be sufficient to fund its operating plan into the first half of 2025.

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 2023

Historical avgQ1 2023

+1.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+8.0%

Avg return

30 days after

57%

13 / 23 earnings

Positive

+14.7%

Q2 2023

Best reaction

-29.8%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+14.7%+14.9%+5.7%
Q3 2025+0.3%-5.8%-23.1%
Q2 2025-1.0%-7.9%+8.9%
Q1 2025+8.7%+25.8%+98.9%
Q4 2024+0.8%+2.1%-43.5%
Q3 2024-0.3%-17.5%-18.2%
Q1 2024-1.0%-7.4%-5.6%
Q4 2023-4.5%+0.7%-33.3%
Q3 2023-3.2%-11.9%+26.4%
Q2 2023+14.7%+13.8%+17.3%
Q1 2023-0.4%+0.1%+11.4%
Q4 2022+5.3%+14.8%+39.5%
Q3 2022+2.8%+17.9%+35.4%
Q2 2022+3.2%-2.1%-26.4%
Q1 2022-3.4%-4.4%+52.0%
Q4 2021-29.8%-33.0%-42.6%
Q3 2021+7.1%+8.4%-7.1%
Q2 2021+9.4%+13.6%+45.2%
Q1 2021+2.1%+6.1%-17.0%
Q4 2020-6.2%-7.6%-10.2%
Q3 2020+3.8%+4.4%+55.6%
Q2 2020+12.5%+12.4%+7.8%
Q1 2020-8.7%-11.3%+7.3%
Q3 2019
Q2 2019
Q1 2019

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