NASDAQ$RCKT

Rocket Pharmaceuticals Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Rocket Pharmaceuticals reported financial results for Q3 2024 and highlighted recent progress.

Rocket Pharmaceuticals reported cash, cash equivalents and investments of $235.7 million as of September 30, 2024. Enrollment was completed in the RP-A501 program for Danon disease and in the low dose cohort of the RP-A601 program for PKP2-ACM. Mikael Dolsten was appointed to the Board of Directors.

  • Enrollment completed in Phase 2 pivotal study of RP-A501 for Danon disease.
  • Enrollment completed in low dose cohort of Phase 1 study of RP-A601 for PKP2-ACM.
  • Rolling BLA submission initiated for RP-L102 for Fanconi Anemia.
  • Mikael Dolsten, M.D., Ph.D., appointed to Board of Directors.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS

-$0.71

Previous: -$0.75+5.3%
Capital Expenditures

-$5.55M

Previous: -$11.8M+52.9%
Free Cash Flow

-$72.3M

Previous: -$73.7M+1.9%
Net Income

-$66.7M

Previous: -$61.9M-7.8%
Operating Income

-$69.4M

Previous: -$65.4M-6.1%
Gross Profit

-$600K

Previous: -$1.9M+68.4%
Cash & Equivalents

$65.6M

Previous: $226M-70.9%
Total Assets

$394M

Previous: $599M-34.2%
R&D Expense

$40.8M

Previous: $46.8M-12.9%
Stock-Based Comp

$11.2M

Previous: $10.3M+9.0%

Revenue & EPS history

Rocket · Revenue · Quarterly

$0

Q3 2024
Beat estimate in 0 of 5 quarters(0%)
ActualEstimate

Forward guidance

Rocket expects its cash, cash equivalents and investments will be sufficient to fund its operations into 2026.

Tailwinds

  • Sufficient cash to fund operations into 2026.
  • Producing AAV cGMP batches at the Company’s Cranbury, N.J. R&D and manufacturing facility.
  • Continued development of its six clinical and/or preclinical programs.
  • Advancing RP-A501 program for Danon disease.
  • Advancing RP-A601 program for PKP2-ACM.

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 2024

Historical avgQ3 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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