NASDAQ$SPRB

Spruce Biosciences Inc · Q2 2024 earnings

Q2 2024 earnings ·

Briefing

SPRB Q2 2024 — $1.6M revenue

We face significant competition from other biotechnology and pharmaceutical companies, and our operating results will suffer if we fail to compete effectively. Spruce Biosciences Inc reported Q2 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $1.6M.
  • Operating income: $10K.
  • Filed on Form 10-Q (accession 0000950170-24-095461).

Headline financials

Total Revenue

$1.61M

Previous: $2.17M-25.6%
EPS

-$0.22

Previous: -$0.32+31.3%
Free Cash Flow

-$9.18M

Previous: -$12.8M+28.4%
Net Income

-$9.18M

Previous: -$12.8M+28.4%
Operating Income

-$10M

Previous: -$14M+28.2%
Gross Profit

$1.61M

Previous: $2.17M-25.6%
Cash & Equivalents

$69.7M

Previous: $97.5M-28.5%
Total Assets

$75.5M

Previous: $126M-40.0%

Revenue & EPS history

Spruce Biosciences Inc · Revenue · Quarterly

$1.61M

Q2 2024-25.6%vs Q2 2023
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-1.7%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-0.6%

Avg return

30 days after

27%

4 / 15 earnings

Positive

+6.1%

Q3 2022

Best reaction

-10.5%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+2.1%-9.3%-9.5%
Q3 2025-2.6%-8.0%-23.5%
Q2 2025-5.9%-4.2%+33.3%
Q1 2025-1.4%+4.2%-9.7%
Q3 2024-1.3%-7.9%-27.4%
Q2 2024-4.6%+3.2%+7.3%
Q1 2024-3.4%-10.0%-20.2%
Q3 2023+2.9%+28.6%+65.7%
Q2 2023-1.6%+5.6%+11.9%
Q1 2023-2.2%+4.5%+6.3%
Q3 2022+6.1%+6.1%+3.0%
Q2 2022+1.0%+10.8%-7.2%
Q1 2022-10.5%-6.3%+8.4%
Q3 2021-1.9%-34.5%-44.1%
Q2 2021-2.2%-5.2%-3.2%

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