NASDAQ$STOK

Stoke Therapeutics Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Stoke Therapeutics reported financial results for the third quarter of 2024 and provided business updates.

Stoke Therapeutics reported revenue of $4.9 million and a net loss of $26.4 million for the third quarter of 2024. The company had $269.2 million in cash, cash equivalents, and marketable securities as of September 30, 2024.

  • Company plans to provide seizure as well as cognition and behavior data from all patients treated with initial 70mg doses followed by 45mg maintenance dosing in studies of zorevunersen by year-end.
  • Discussions with FDA and global regulatory agencies related to a single global Phase 3 study of zorevunersen continue to progress; Company to provide an update by year-end.
  • FDA has removed the Partial Clinical Hold on zorevunersen.
  • As of September 30, 2024, Company had $269.2 million in cash, cash equivalents, and marketable securities.

Headline financials

Total Revenue

$4.89M

Previous: $3.31M+47.9%
EPS

-$0.47

Previous: -$0.55+14.5%
Capital Expenditures

-$161K

Previous: -$1.39M+88.4%
Free Cash Flow

-$26.6M

Previous: -$25.9M-2.6%
Net Income

-$26.4M

Previous: -$24.5M-7.7%
Operating Income

-$30M

Previous: -$27.2M-10.2%
Gross Profit

$4.89M

Previous: $3.31M+47.9%
R&D Expense

$22.2M

Previous: $19.6M+13.1%
Stock-Based Comp

$7.49M

Previous: $6.55M+14.4%

Revenue & EPS history

Stoke Therapeutics · Revenue · Quarterly

$4.89M

Q3 2024+47.9%vs Q3 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Stoke Therapeutics · $3.27M total across 1 segment · Q4 2022

  • Acadia Pharm.
    $3.27M

Forward guidance

The Company plans to provide an update on Phase 3 registrational plans for zorevunersen by year-end.

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

+4.2%

Avg return

Earnings day

+4.9%

Avg return

5 days after

+3.1%

Avg return

30 days after

48%

13 / 27 earnings

Positive

+63.3%

Q4 2023

Best reaction

-20.0%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-2.6%-9.8%
Q4 2025-2.8%-1.3%+4.1%
Q3 2025-10.1%-11.7%+21.8%
Q1 2025+1.2%-1.6%+19.7%
Q4 2024-1.4%-9.4%-14.6%
Q3 2024+1.1%+6.0%-4.0%
Q2 2024-0.6%+1.5%+3.3%
Q1 2024-0.7%-4.5%+36.5%
Q4 2023+63.3%+114.3%+85.1%
Q3 2023+7.0%-1.2%+6.7%
Q2 2023-9.3%-11.1%-13.4%
Q1 2023+25.9%+28.1%+28.2%
Q4 2022+4.5%-1.0%-10.1%
Q3 2022-20.0%-35.9%-32.9%
Q2 2022+31.7%+28.6%-10.8%
Q1 2022+2.0%+17.3%+0.6%
Q4 2021-1.6%-2.1%+9.8%
Q3 2021+3.0%+9.4%-20.2%
Q2 2021-1.4%-2.4%-1.6%
Q1 2021+11.3%+9.9%+26.6%
Q4 2020+6.8%+1.5%-30.2%
Q3 2020-0.5%-7.8%+14.6%
Q2 2020+4.7%+8.5%+18.6%
Q1 2020+15.3%+18.9%-6.0%
Q4 2019-3.9%-2.3%-6.5%
Q3 2019-11.1%-21.7%-20.0%
Q2 2019+0.0%+5.3%-11.4%
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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