NASDAQ$PDSB

PDS Biotechnology Corporation · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

PDS Biotechnology reported a net loss for Q1 2024, increased R&D expenses, and provided updated data from the Phase 2 VERSATILE-002 clinical trial.

PDS Biotechnology reported a net loss of $10.6 million for the first quarter of 2024, compared to a net loss of $9.7 million for the same period in 2023. R&D expenses increased to $6.7 million, and the company announced positive, updated data from its Phase 2 VERSATILE-002 clinical trial.

  • Reported a net loss of $10.6 million, or $0.30 per share.
  • R&D expenses increased to $6.7 million due to higher clinical study and medical affairs costs.
  • Announced updated results from the VERSATILE-002 Phase 2 trial, showing promising outcomes in HNSCC patients.
  • Strengthened management with the addition of Stephan Toutain as Chief Operating Officer.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.30

Previous: -$0.32+6.3%
G&A Expenses

$3.39M

Previous: $3.58M-5.2%
Working Capital

$28M

No prior period
Accumulated Deficit

-$182M

No prior period
Weighted Avg Shares

34.8M

No prior period
R&D Expenses

$6.7M

Previous: $5.84M+14.7%
Total Operating Expenses

$10.1M

Previous: $9.42M+7.2%
Net Interest Expense

$506K

No prior period
Long-term Debt

$9.2M

No prior period
Stockholders' Equity

$19M

No prior period
Net Income

-$10.6M

Previous: -$9.66M-9.8%
Operating Income

-$10.1M

Previous: -$9.42M-7.2%
Gross Profit

$0.00

No prior period
R&D Expense

$6.7M

No prior period
Stock-Based Comp

$1.63M

Previous: $2.08M-21.6%

Revenue & EPS history

PDS Biotechnology · Revenue · Quarterly

$0

Q1 2024

Forward guidance

PDS Biotechnology plans to initiate a pivotal clinical trial in 2024 to advance its lead program in advanced head and neck squamous cell cancers (HNSCC).

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 2024

Historical avgQ1 2024

+1.3%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.0%

Avg return

30 days after

52%

22 / 42 earnings

Positive

+55.0%

Q3 2022

Best reaction

-27.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.1%+5.7%-3.8%
Q3 2025-12.2%-18.2%+1.0%
Q2 2025-4.9%+0.8%-5.7%
Q1 2025+4.8%+15.0%+37.8%
Q4 2024+0.8%-12.9%+0.8%
Q3 2024-27.2%-24.0%-33.2%
Q2 2024-1.0%+6.6%+0.0%
Q1 2024-0.3%-4.4%-21.2%
Q4 2023-11.6%-10.3%-27.0%
Q3 2023+20.3%+19.7%+2.9%
Q2 2023+21.2%+17.1%+13.2%
Q1 2023+5.0%+14.9%-7.4%
Q4 2022+2.2%-4.7%+1.0%
Q3 2022+55.0%+54.5%+64.3%
Q2 2022+0.2%+1.9%-21.7%
Q1 2022-14.3%+15.2%-21.7%
Q4 2021-1.1%-1.0%-12.1%
Q3 2021-1.6%+2.2%-14.6%
Q2 2021+0.6%-6.5%+44.5%
Q1 2021+8.2%+27.0%+174.1%
Q4 2020+1.9%-5.3%+2.3%
Q3 2020-0.5%-1.9%+3.8%
Q2 2020-5.1%+0.7%-26.5%
Q1 2020-2.3%-1.8%+39.3%
Q4 2019+2.3%-7.9%+29.6%
Q3 2019+0.0%-14.0%-3.4%
Q2 2019+1.1%-0.5%-15.2%
Q1 2019+43.0%+18.6%+6.4%
Q4 2018+3.8%+2.6%-1.7%
Q3 2018-2.8%-4.9%-6.2%
Q2 2018+1.3%+0.0%-4.3%
Q1 2018-6.4%-3.6%-15.3%
Q4 2017+1.5%+9.4%-92.2%
Q3 2017+1.2%-2.2%-8.0%
Q2 2017-1.2%-3.1%-2.0%
Q1 2017+2.8%+2.4%+3.2%
Q4 2016-9.5%-8.8%-7.1%
Q3 2016-6.3%-0.6%+9.9%
Q2 2016+1.9%+0.1%-4.6%
Q1 2016-4.2%
Q4 2015-14.2%
Q3 2015+0.5%
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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