NASDAQ$OTLK

Outlook Therapeutics Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Achieved major milestones with EU and UK Marketing Authorizations and made progress in NORSE EIGHT clinical trial enrollment.

Outlook Therapeutics reported a net income of $44.4 million for the third quarter of fiscal year 2024, with significant progress in clinical trials and regulatory approvals for LYTENAVA™ in the EU and UK.

  • Received Marketing Authorization for LYTENAVA™ in both the European Union and the United Kingdom.
  • Made significant progress with enrollment in the NORSE EIGHT clinical trial, expecting results in Q4 2024.
  • Targeting resubmission of the ONS-5010 BLA in Q1 2025.
  • Preparing for commercial launch of LYTENAVA™ in the EU and UK, anticipated in the first half of calendar year 2025.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.83

Previous: -$1.60+48.1%
Capital Expenditures

$0.00

No prior period
Net Income

$44.4M

Previous: -$20.7M+314.5%
Operating Income

-$19.6M

Previous: -$18.1M-7.8%
Gross Profit

$0.00

No prior period
R&D Expense

$11.2M

No prior period
Stock-Based Comp

$1.4M

Previous: $1.38M+1.0%

Revenue & EPS history

Outlook Therapeutics · Revenue · Quarterly

$0

Q3 2024
Beat estimate in 0 of 6 quarters(0%)
ActualEstimate

Forward guidance

Outlook Therapeutics anticipates full enrollment of the NORSE EIGHT clinical trial in Q3 CY2024, topline readout in Q4 CY2024, BLA resubmission in Q1 CY2025, and initial commercial launches in Europe in the first half of CY2025.

Tailwinds

  • Full enrollment of NORSE EIGHT clinical trial in the US expected in Q3 CY2024.
  • Topline readout of NORSE EIGHT clinical trial planned in Q4 CY2024.
  • Resubmission of the ONS-5010 BLA targeted for Q1 CY2025.
  • Initial commercial launches in Europe planned to commence in first half of CY2025.
  • Potential for US FDA approval of ONS-5010 in second half of CY2025.

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 Q3 2024

Historical avgQ3 2024

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro