NASDAQ$TARS

Tarsus Pharmaceuticals Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Tarsus Pharmaceuticals reported positive results from Saturn-1 trial, initiated Saturn-2 and Callisto trials, and announced second quarter 2021 financial results.

Tarsus Pharmaceuticals announced positive results from the Saturn-1 pivotal trial for TP-03, initiated the Saturn-2 and Callisto trials, and reported a net income of $6.3 million for the second quarter of 2021, compared to a net loss of $(3.3) million for the same period in 2020.

  • Announced positive results from the Saturn-1 pivotal trial evaluating TP-03 for Demodex blepharitis.
  • Initiated Saturn-2, the second pivotal Phase 3 trial evaluating TP-03 for Demodex blepharitis.
  • Initiated the Phase 1 Callisto trial evaluating TP-05 for the prevention of Lyme disease.
  • Cash and equivalents of $177 million, plus TP-03 license receivables of $20 million as of June 30, 2021.

Headline financials

Total Revenue

$22M

No prior period
EPS (adj)

$0.29

Previous: $3.54-91.8%
Capital Expenditures

-$191K

Previous: $335K-157.0%
Free Cash Flow

$6.15M

Previous: -$2.89M+312.8%
Net Income

$6.35M

Previous: -$3.25M+295.2%
Operating Income

$7.28M

Previous: -$3.26M+323.2%
Gross Profit

$22M

No prior period
Cash & Equivalents

$177M

Previous: $53.1M+232.6%
Total Assets

$203M

No prior period
Stock-Based Comp

$2.79M

Previous: $173K+1515.0%

Revenue & EPS history

Tarsus · Revenue · Quarterly

$22M

Q2 2021
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

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 2021

Historical avgQ2 2021

+3.2%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+17.8%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+18.3%

Q2 2024

Best reaction

-10.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-8.4%-9.0%
Q4 2025+9.6%+8.5%-3.4%
Q3 2025-4.7%+1.8%+14.4%
Q1 2025-6.1%-5.9%-14.6%
Q4 2024-9.3%-2.3%+11.2%
Q3 2024-1.9%-6.2%+10.4%
Q2 2024+18.3%+16.5%+34.8%
Q1 2024-10.5%+0.9%-15.3%
Q4 2023+14.2%+11.4%+9.6%
Q3 2023+5.6%+8.3%+4.5%
Q2 2023-2.5%-1.5%-7.0%
Q1 2023+7.1%+5.8%+25.9%
Q4 2022+0.4%-10.6%-15.8%
Q3 2022-0.1%-0.5%-14.2%
Q2 2022+5.4%+0.6%-8.3%
Q1 2022+7.2%+16.8%+25.4%
Q4 2021-4.9%-4.7%-1.1%
Q3 2021+0.4%-2.9%-13.8%
Q2 2021+6.2%+3.7%+13.3%
Q1 2021+2.9%+5.6%+38.3%
Q4 2020+16.4%+15.8%+8.6%
Q1 2020+7.5%+16.1%+111.4%
Q3 2020+7.5%+16.1%+111.4%
Q2 2020+7.5%+16.1%+111.4%
Q4 2019
Q3 2019
Q2 2018
Q1 2018

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