NASDAQ$PTGX

Protagonist Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported third quarter financial results and provided a corporate update.

Protagonist Therapeutics reported positive Phase 2b data from the FRONTIER 1 study with JNJ-2113 and continued to make progress with rusfertide in the Phase 3 VERIFY study. The company anticipates sharing latest findings at the ASH2023 Annual Meeting.

  • Five rusfertide abstracts accepted for oral and poster presentations at the 65th ASH Annual Meeting and Exposition (ASH2023)
  • Positive topline results from the Phase 2b FRONTIER 1 study of JNJ-2113 (formerly PN-235) presented in July 2023
  • JNJ-2113 clinical development program advances with two Phase 3 studies in moderate-to-severe psoriasis and a Phase 2b study in moderately-to-severely active ulcerative colitis (UC) commencing in Q4 2023
  • Forecast cash runway through Q1 2026

Headline financials

Total Revenue

$0.00

Previous: $26.6M-100.0%
EPS (adj)

-$0.58

Previous: -$0.64+9.4%
Capital Expenditures

-$590K

Previous: -$725K+18.6%
Free Cash Flow

-$34.7M

Previous: -$32M-8.6%
Net Income

-$34.1M

Previous: -$31.2M-9.2%
Operating Income

-$38.3M

Previous: -$32.3M-18.6%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$323K

Previous: $153M-99.8%
Total Assets

$330M

Previous: $282M+17.0%
R&D Expense

$30.7M

No prior period
Stock-Based Comp

$6.77M

Previous: $5.95M+13.7%

Revenue & EPS history

Protagonist · Revenue · Quarterly

$0

Q3 2023-100%vs Q3 2022
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

Protagonist Therapeutics is focused on advancing the clinical development of JNJ-2113 and rusfertide.

Tailwinds

  • JNJ-2113 Phase 3 studies in psoriasis commencing.
  • JNJ-2113 Phase 2b study in ulcerative colitis commencing.
  • Additional Phase 3 studies in psoriasis expected to begin in Q1 2024.
  • Rusfertide Phase 3 VERIFY study ongoing.
  • Rusfertide abstracts accepted for presentation at ASH2023.

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 Q3 2023

Historical avgQ3 2023

+3.2%

Avg return

Earnings day

+5.4%

Avg return

5 days after

+8.3%

Avg return

30 days after

51%

20 / 39 earnings

Positive

+75.1%

Q1 2020

Best reaction

-21.2%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-0.2%+3.3%
Q4 2025-0.3%+7.8%+13.3%
Q3 2025-0.2%+6.4%+12.4%
Q1 2025+2.4%+3.2%+22.9%
Q4 2024-7.1%-6.2%+35.6%
Q3 2024-2.9%-9.3%-11.6%
Q2 2024+0.0%+8.2%+17.4%
Q1 2024+4.0%+8.3%+30.5%
Q4 2023+3.0%+8.9%-2.0%
Q3 2023+10.2%+9.0%+22.8%
Q2 2023+3.3%-2.0%+5.2%
Q1 2023+1.5%+3.3%+15.3%
Q4 2022-8.4%-9.9%-25.9%
Q3 2022-0.5%+9.4%+0.4%
Q2 2022+2.2%-1.6%-21.1%
Q1 2022-0.3%-10.3%-6.4%
Q4 2021+7.2%-0.7%-2.3%
Q3 2021+5.0%+7.4%+0.1%
Q2 2021-2.2%-0.4%-0.8%
Q1 2021-0.4%-0.1%+19.3%
Q4 2020+3.5%+2.8%-11.4%
Q3 2020+14.2%+6.6%+11.0%
Q2 2020+8.3%+2.3%+23.8%
Q1 2020+75.1%+97.4%+98.0%
Q4 2019-4.8%+5.1%-7.6%
Q3 2019-19.3%-14.2%-37.5%
Q2 2019+0.8%-2.9%+60.6%
Q1 2019+20.8%+16.3%+31.4%
Q4 2018+0.1%+22.3%+22.2%
Q3 2018+14.1%+22.3%-14.6%
Q2 2018-1.8%-6.4%-18.1%
Q1 2018-21.2%-22.4%-13.5%
Q4 2017-2.0%+1.4%-57.5%
Q3 2017+8.9%+16.2%+25.2%
Q2 2017-7.7%-4.4%+33.6%
Q1 2017+10.5%+14.3%+21.1%
Q4 2016-0.6%+0.4%-16.8%
Q3 2016-1.6%+3.4%-16.5%
Q2 2016+9.4%+19.1%+63.8%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro