NASDAQ$PMVP

Pmv Pharmaceuticals Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2024.

PMV Pharma reported first quarter financial results, highlighting the dosing of the first patient in the Phase 2 portion of the PYNNACLE trial and a cash, cash equivalents, and marketable securities balance of $213.1 million as of March 31, 2024.

  • First patient dosed in Phase 2 portion of the PYNNACLE trial assessing rezatapopt as monotherapy.
  • Phase 1 data of rezatapopt in advanced ovarian cancer featured at the 2024 SGO Annual Meeting on Women’s Cancer.
  • Cash, cash equivalents, and marketable securities totaled $213.1 million as of March 31, 2024, providing an expected cash runway to the end of 2026.
  • Net loss for the quarter ended March 31, 2024, was $15.3 million.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.30

Previous: -$0.42+28.6%
Weighted Avg Shares

51.4M

No prior period
Net Cash Used in Operations

$16.2M

No prior period
Total Cash and Securities

$183M

No prior period
R&D Expenses

$13.2M

Previous: $15.1M-12.5%
G&A Expenses

$5.04M

Previous: $6.41M-21.4%
Net Interest Income

$2.95M

No prior period
Capital Expenditures

-$594K

Previous: $156K-480.8%
Net Income

-$15.3M

Previous: -$19.1M+20.0%
Operating Income

-$18.2M

Previous: -$21.5M+15.2%
Gross Profit

-$362K

No prior period
R&D Expense

$12.8M

No prior period
Stock-Based Comp

$2.61M

Previous: $2.93M-11.0%

Revenue & EPS history

PMV Pharma · Revenue · Quarterly

$0

Q1 2024

Forward guidance

The company provided forward-looking statements regarding their future plans and expectations for rezatapopt, including the ability to obtain approval as a treatment option and the timing and success of the Phase 2 portion of the current clinical trial.

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

+2.7%

Avg return

Earnings day

+3.4%

Avg return

5 days after

-1.3%

Avg return

30 days after

67%

14 / 21 earnings

Positive

+29.5%

Q2 2023

Best reaction

-18.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.0%+8.0%-10.7%
Q3 2025+8.5%+6.8%-7.5%
Q2 2025-4.1%-6.6%-3.9%
Q1 2025+4.2%+7.5%+28.9%
Q4 2024-3.6%-10.2%-27.0%
Q3 2024+4.8%+0.6%-4.2%
Q1 2024-5.6%-0.9%-23.1%
Q4 2023+3.9%+3.9%-6.1%
Q3 2023+7.5%+19.9%+24.2%
Q2 2023+29.5%+20.0%-10.8%
Q1 2023+11.9%+14.7%+8.5%
Q4 2022-18.1%-19.6%-33.8%
Q3 2022-3.7%+11.2%-2.6%
Q2 2022+0.4%-1.3%-17.6%
Q1 2022+2.2%+9.0%-13.7%
Q4 2021+10.3%+1.3%+31.4%
Q3 2021+0.4%+2.4%-1.6%
Q2 2021-1.2%-5.2%-10.2%
Q1 2021+12.7%+15.6%+18.5%
Q4 2020+0.7%-0.7%-5.9%
Q3 2020-5.1%-5.2%+40.3%
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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