NASDAQ$ORIC

ORIC Pharmaceuticals Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results and operational updates for the second quarter of 2022.

ORIC Pharmaceuticals reported its Q2 2022 financial results, highlighting a strong cash position of $237.8 million expected to fund operations into 2H 2024, and progress in its clinical programs with initial data expected in 1H 2023.

  • Three ongoing single agent Phase 1 programs (ORIC-533, ORIC-114, and ORIC-944) are expected to report initial data in 1H 2023.
  • Preclinical data from ORIC-533 and ORIC-114 programs were presented at AACR in April 2022.
  • Cash and investments totaled $237.8 million as of June 30, 2022.
  • The company expects its cash position to fund the current operating plan into the second half of 2024.

Headline financials

EPS (adj)

-$0.51

Previous: -$0.57+10.5%
Capital Expenditures

$667K

Previous: $135K+394.1%
Free Cash Flow

-$18.4M

Previous: -$16.3M-12.8%
Net Income

-$20.3M

Previous: -$21M+3.4%
Operating Income

-$20.7M

Previous: -$21.1M+1.7%
Cash & Equivalents

$227M

Previous: $261M-13.0%
Total Assets

$260M

Previous: $268M-3.2%
Stock-Based Comp

$4.09M

Previous: $3.21M+27.4%

Revenue & EPS history

ORIC Pharmaceuticals · Revenue · Quarterly

$0

Q2 2025

Forward guidance

ORIC anticipates initial Phase 1b data from ORIC-533, ORIC-114, and ORIC-944 in 1H 2023, with cash and investments expected to fund operations into 2H 2024.

Tailwinds

  • Initial Phase 1b data from ORIC-533 expected in 1H 2023.
  • Initial Phase 1b data from ORIC-114 expected in 1H 2023.
  • Initial Phase 1b data from ORIC-944 expected in 1H 2023.
  • Cash and investments of $237.8 million expected to fund operations into 2H 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 Q2 2022

Historical avgQ2 2022

+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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