NASDAQ$PROK

ProKidney Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Prokidney reported full year 2023 financial results and recent corporate highlights.

ProKidney Corp. reported its full-year 2023 financial results, highlighting positive interim Phase 2 data for rilparencel and key corporate updates, including the appointment of Dr. Bruce Culleton as CEO and Nikhil Pereira-Kamath as Chief Business Officer. The company's cash, cash equivalents, and marketable securities totaled $363.0 million as of December 31, 2023, expected to fund operations into the fourth quarter of 2025.

  • Dr. Bruce Culleton was appointed as ProKidney CEO in November.
  • Nikhil Pereira-Kamath was appointed as Chief Business Officer.
  • Positive interim Phase 2 RMCL-002 study data was reported in November, demonstrating the potential of rilparencel to preserve kidney function.
  • Manufacturing has been temporarily paused while ProKidney amends the PROACT 1 protocol.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.09

Previous: -$0.11+18.2%
Capital Expenditures

-$1.57M

Previous: $306K-613.7%
Free Cash Flow

-$27M

Previous: -$16.1M-67.8%
Net Income

-$5.7M

Previous: -$24.6M+76.8%
Operating Income

-$24.2M

Previous: -$30.2M+19.9%
Gross Profit

-$1.72M

No prior period
R&D Expense

$21.7M

No prior period

Revenue & EPS history

ProKidney · Revenue · Quarterly

$0

Q4 2023
Beat estimate in 2 of 2 quarters(100%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-2.4%

Avg return

Earnings day

-3.0%

Avg return

5 days after

+2.6%

Avg return

30 days after

25%

4 / 16 earnings

Positive

+18.0%

Q1 2024

Best reaction

-13.1%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%-1.2%-4.7%
Q4 2025-4.0%-8.9%+2.3%
Q3 2025-8.8%-16.6%-24.9%
Q2 2025-0.9%+4.7%+32.2%
Q1 2025-6.0%-9.3%-1.4%
Q4 2024-6.8%-7.7%-23.9%
Q3 2024-3.7%-21.2%-12.6%
Q2 2024-0.5%+9.1%+11.5%
Q1 2024+18.0%+50.2%+22.2%
Q4 2023-4.1%+8.9%+39.7%
Q3 2023-13.1%-24.4%+20.0%
Q2 2023+0.4%-14.5%-37.5%
Q1 2023+1.2%+8.1%+34.0%
Q4 2022-9.8%-12.9%-24.6%
Q3 2022-4.7%-14.8%-23.6%
Q2 2022+7.3%+2.7%+32.6%

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