NASDAQ$PLRX

Pliant Therapeutics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Pliant Therapeutics reported first quarter 2021 financial results and provided a corporate update.

Pliant Therapeutics reported a net loss of $22.9 million for the first quarter of 2021, compared to a net income of $11.0 million for the prior-year quarter. Research and development expenses increased to $18.5 million, and general and administrative expenses rose to $6.6 million. As of March 31, 2021, the company had $264.1 million in cash, cash equivalents, and short-term investments.

  • PLN-74809 Phase 2a PET imaging trial preliminary data expected in the first half 2021.
  • PLN-74809 Phase 2a INTEGRIS trial in idiopathic pulmonary fibrosis (IPF) continued to build momentum, currently on track to complete enrollment by the end of 2021.
  • PLN-74809 Phase 2a INTEGRIS trial in primary sclerosing cholangitis (PSC) continued to advance, currently on track to complete enrollment in the first half 2022.
  • Successful completion of PLN-1474 Phase 1 trial and transfer of PLN-1474 to Novartis.

Headline financials

Total Revenue

$2.17M

Previous: $28.9M-92.5%
EPS (adj)

-$0.64

Previous: $0.35-281.3%
R&D expenses

$18.5M

Previous: $13.9M+33.1%
G&A expenses

$6.57M

Previous: $4.01M+63.7%
Capital Expenditures

-$242K

No prior period
Free Cash Flow

-$23.1M

No prior period
Net Income

-$22.9M

Previous: $11M-307.2%
Operating Income

-$22.9M

Previous: $11M-308.2%
Gross Profit

$2.17M

Previous: $28.9M-92.5%
Cash & Equivalents

$50.8M

No prior period
Total Assets

$275M

No prior period
Stock-Based Comp

$2.58M

No prior period

Revenue & EPS history

Pliant Therapeutics · Revenue · Quarterly

$2.17M

Q1 2021-92.5%vs Q1 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

The Company believes it has sufficient funds to meet its operating and capital requirements into 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 Q1 2021

Historical avgQ1 2021

-1.8%

Avg return

Earnings day

-2.4%

Avg return

5 days after

-4.2%

Avg return

30 days after

36%

9 / 25 earnings

Positive

+12.1%

Q3 2020

Best reaction

-11.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.8%-4.2%-4.2%
Q3 2025+3.3%+17.6%-20.9%
Q1 2025-1.5%-2.9%-1.4%
Q4 2024-11.7%+17.4%-5.1%
Q3 2024-4.5%-12.0%-6.4%
Q2 2024-6.5%-9.6%-1.8%
Q1 2024-1.4%-1.2%-13.4%
Q4 2023-7.8%-4.8%-13.4%
Q3 2023-8.0%-12.4%-2.7%
Q2 2023+3.4%-0.9%-9.5%
Q1 2023+4.2%-0.0%+3.0%
Q4 2022-10.9%-9.4%-17.6%
Q3 2022-6.5%-6.7%-14.5%
Q2 2022+11.9%+12.6%+6.2%
Q1 2022-6.8%-1.8%+40.5%
Q4 2021+3.7%-9.9%-26.6%
Q3 2021-4.0%-3.2%-17.9%
Q2 2021-6.5%-12.4%-15.7%
Q1 2021-0.1%-14.7%-3.1%
Q4 2020+4.6%+2.5%-19.9%
Q3 2019+12.1%+9.9%+21.2%
Q3 2020+12.1%+9.9%+21.2%
Q2 2020-8.5%-8.2%-1.2%
Q4 2019-8.5%-8.2%-1.2%
Q2 2019-8.5%-8.2%-1.2%
Q1 2020
Q1 2019
Q1 2018

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