NASDAQ$OTLK

Outlook Therapeutics Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Outlook Therapeutics reported financial results for the second quarter of fiscal year 2023 and provided a corporate update.

Outlook Therapeutics reported a net loss attributable to common stockholders of $6.7 million, or $0.03 per basic and diluted share, for the fiscal second quarter ended March 31, 2023. The company's cash and cash equivalents were $43.7 million as of March 31, 2023.

  • Continued to make significant progress in pre-launch activities with a PDUFA goal date set for August 29, 2023.
  • ONS-5010 Biologics License Application (BLA) was submitted and accepted for filing by the FDA as a 351(a) stand-alone BLA.
  • Commercial planning is underway to support potential approval of the first ophthalmic formulation of bevacizumab for use in retinal indications.
  • Submitted a Marketing Authorization Application (MAA) in Europe, which was validated for review in December 2022.

Headline financials

EPS (adj)

-$0.60

Previous: -$1.80+66.7%
Net Income

-$6.7M

Previous: -$19.7M+66.0%
Operating Income

-$6.84M

Previous: -$18.9M+63.8%
Cash & Equivalents

$43.7M

Previous: $58.4M-25.2%
Total Assets

$54M

Previous: $67.7M-20.2%
Stock-Based Comp

$1.38M

Previous: $3.76M-63.2%

Revenue & EPS history

Outlook Therapeutics · Revenue · Quarterly

$127K

Q2 2026
Beat estimate in 0 of 6 quarters(0%)
ActualEstimate

Forward guidance

Outlook Therapeutics expects that its cash and cash equivalents will be sufficient to fund its operations through the anticipated approval of the BLA for ONS-5010 in the third calendar quarter of 2023, and potentially through the fourth calendar quarter of 2023.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+5.1%

Avg return

Earnings day

+6.9%

Avg return

5 days after

-0.7%

Avg return

30 days after

61%

25 / 41 earnings

Positive

+48.5%

Q2 2019

Best reaction

-14.6%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.3%-0.9%
Q1 2026-13.9%-15.7%-31.4%
Q4 2025-2.9%-11.6%-73.6%
Q3 2025+14.1%+23.5%-51.2%
Q2 2025+1.2%+9.9%-0.6%
Q1 2025+1.6%-7.9%-14.7%
Q4 2024+9.4%+11.2%+17.1%
Q3 2024-0.9%-7.6%-16.5%
Q2 2024-0.9%+7.4%+3.6%
Q1 2024+21.2%+13.0%+3.0%
Q4 2023+4.2%+8.2%-18.5%
Q3 2023-3.1%-16.9%-85.3%
Q2 2023+3.5%+16.5%+46.1%
Q1 2023-3.3%-7.5%-15.8%
Q4 2022+6.9%+4.0%+15.8%
Q3 2022-3.4%+5.9%-4.2%
Q2 2022+7.4%+2.7%-37.1%
Q1 2022+3.7%+8.1%+36.3%
Q4 2021-4.2%-1.4%-14.6%
Q3 2021-14.6%-16.2%-1.6%
Q2 2021+16.0%+21.2%+34.1%
Q1 2021-0.4%-4.0%-9.5%
Q4 2020+1.3%-4.6%-13.1%
Q3 2020+5.2%+14.2%-54.5%
Q2 2020+1.9%-1.9%+40.4%
Q1 2020+0.0%-1.1%-35.1%
Q4 2019-1.7%-53.0%-11.1%
Q3 2019-4.2%-8.9%-17.8%
Q2 2019+48.5%+191.3%+125.2%
Q1 2019+28.2%+28.2%-5.8%
Q4 2018+24.5%+42.9%+34.7%
Q3 2018+1.2%-8.8%+0.0%
Q2 2018+2.7%+1.1%-13.3%
Q1 2018+4.3%+3.5%-19.0%
Q4 2017+0.0%-7.9%-4.8%
Q3 2017+0.5%+3.0%+77.8%
Q2 2017-8.7%-34.1%-24.5%
Q1 2017+10.6%+2.1%-1.2%
Q4 2016+28.6%+40.3%+59.8%
Q2 2016+28.6%+40.3%+59.8%
Q3 2016-3.9%-5.3%-8.1%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2014

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