NASDAQ$RCKT

Rocket Pharmaceuticals Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Rocket Pharmaceuticals reported financial results for Q2 2024 and provided updates on its pipeline and regulatory progress.

Rocket Pharmaceuticals reported its Q2 2024 financial results, highlighting the advancement of its clinical pipeline, including RP-A501 and RP-A601 cardiac programs, and progress towards FDA approval for KRESLADI. The company's cash, cash equivalents, and investments totaled $278.8 million, expected to fund operations into 2026.

  • Continued advancement of Phase 2 pivotal study of RP-A501 for Danon Disease with ongoing patient enrollment.
  • Received orphan medicinal product designation from the European Commission for RP-A601 for PKP2 arrhythmogenic cardiomyopathy (ACM).
  • FDA review of limited additional Chemistry Manufacturing and Controls (CMC) information underway for KRESLADITM for the treatment of severe leukocyte adhesion deficiency-I (LAD-I).
  • Progressed Fanconi Anemia (FA) and Pyruvate Kinase Deficiency (PKD) programs through regulatory and clinical milestones.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS

-$0.74

Previous: -$0.82+9.8%
Capital Expenditures

-$3.97M

Previous: -$7.13M+44.4%
Free Cash Flow

-$73.6M

Previous: -$72.8M-1.1%
Net Income

-$69.6M

Previous: -$65.7M-6.0%
Operating Income

-$73.7M

Previous: -$68.8M-7.2%
Gross Profit

-$800K

Previous: -$1.7M+52.9%
Cash & Equivalents

$38.6M

Previous: $45.1M-14.4%
Total Assets

$446M

Previous: $462M-3.3%
R&D Expense

$46.3M

No prior period
Stock-Based Comp

$11.3M

Previous: $10.2M+10.6%

Revenue & EPS history

Rocket · Revenue · Quarterly

$0

Q2 2024
Beat estimate in 0 of 5 quarters(0%)
ActualEstimate

Forward guidance

Rocket Pharmaceuticals expects its cash, cash equivalents and investments of $278.8 million as of June 30, 2024, will be sufficient to fund its operations into 2026.

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 Q2 2024

Historical avgQ2 2024

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-1.9%

Avg return

30 days after

51%

23 / 45 earnings

Positive

+18.2%

Q1 2023

Best reaction

-17.7%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.4%-6.0%-29.0%
Q4 2025+10.8%+6.4%-16.8%
Q3 2025+0.3%+2.2%+2.8%
Q1 2025-0.6%+0.9%-55.7%
Q4 2024+0.5%-2.0%-19.3%
Q3 2024-0.7%-8.8%-21.0%
Q2 2024-3.6%-8.8%-14.5%
Q1 2024-0.5%-3.2%-1.6%
Q4 2023+5.0%+4.3%-6.9%
Q3 2023-2.4%-11.6%+23.1%
Q2 2023-2.6%-4.2%-7.8%
Q1 2023+18.2%+16.4%+23.0%
Q4 2022+5.9%+14.8%-7.7%
Q3 2022-6.0%-10.8%+9.9%
Q2 2022+4.3%+12.3%+1.5%
Q1 2022-15.2%-17.2%+20.4%
Q4 2021+4.3%-2.6%-11.4%
Q3 2021+10.3%+8.0%-30.2%
Q2 2021-4.9%-13.9%-1.8%
Q1 2021-3.9%-6.5%+3.6%
Q4 2020-0.7%-1.8%-16.9%
Q3 2020+5.3%+0.2%+9.2%
Q2 2020+6.3%+10.6%-8.1%
Q1 2020-1.5%+12.7%+8.5%
Q4 2019-1.1%-7.7%-30.3%
Q3 2019+10.2%+4.0%+50.6%
Q2 2019+4.5%-3.2%+0.4%
Q1 2019+1.6%-8.7%-14.6%
Q4 2018-4.7%-2.1%+27.4%
Q3 2018-1.0%-12.5%-17.6%
Q2 2018+3.8%-5.3%+9.0%
Q1 2018+6.5%+19.8%+23.2%
Q4 2017-0.4%+0.2%-19.2%
Q3 2017+2.0%+15.7%+3.6%
Q2 2017+8.3%+16.7%+13.3%
Q1 2017-9.6%+0.0%-1.4%
Q4 2016+8.7%-4.3%+24.6%
Q3 2016+4.5%+4.5%+1.5%
Q2 2016+0.1%+2.7%+1.8%
Q1 2016-17.7%
Q4 2015-3.3%
Q3 2015-6.9%
Q2 2015-4.1%
Q1 2015+0.3%
Q4 2014+7.9%
Q3 2014
Q2 2014
Q1 2014
Q4 2013

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