NASDAQ$PLRX

Pliant Therapeutics Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Pliant Therapeutics reported financial results for the third quarter of 2020 and provided a corporate update.

Pliant Therapeutics reported related party revenue of $4.8 million for the third quarter of 2020, compared to none for the prior-year quarter. Research and development expenses were $16.9 million, and net loss was $16.5 million. The company had cash, cash equivalents, and short-term investments of $294.0 million as of September 30, 2020.

  • Enrollment of PLN-74809 Phase 2a 12-week trials in IPF and PSC progressing.
  • Phase 2a PET imaging trial of PLN-74809 in IPF is enrolling.
  • Completed dosing of an extended Phase 1 dose escalation trial of PLN-74809 in healthy volunteers.
  • Phase 2a trial of PLN-74809 treatment of COVID-19 related ARDS has been initiated.

Headline financials

Total Revenue

$4.81M

No prior period
EPS (adj)

-$0.47

Previous: -$59.56+99.2%
Net loss per share (basic & diluted)

-$0.47

No prior period
Capital Expenditures

-$945K

Previous: $48K-2068.8%
Free Cash Flow

-$17.5M

Previous: -$14.9M-17.1%
Net Income

-$16.5M

Previous: -$13.3M-24.7%
Operating Income

-$16.7M

Previous: -$13.4M-24.7%
Gross Profit

$4.81M

No prior period
Cash & Equivalents

$55.2M

Previous: $11.4M+383.9%
Total Assets

$312M

No prior period
Stock-Based Comp

$1.17M

Previous: $480K+143.5%

Revenue & EPS history

Pliant Therapeutics · Revenue · Quarterly

$4.81M

Q3 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

Pliant 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 Q3 2020

Historical avgQ3 2020

-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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