NASDAQ$TARS
Tarsus Pharmaceuticals Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Tarsus' financial results for the second quarter of 2022 were reported, along with recent business achievements.
Tarsus Pharmaceuticals reported a net loss of $5.7 million for the second quarter of 2022. License fee and collaboration revenue was $15.3 million, and cash and cash equivalents were $245.4 million as of June 30, 2022. The company is advancing TP-03 for Demodex blepharitis and expanding its commercial team.
- TP-03 met all endpoints in the Saturn-2 Phase 3 trial for Demodex blepharitis, with NDA submission expected this year.
- Ersa Phase 2a trial was initiated to evaluate TP-03 for Meibomian Gland Disease.
- Cash runway is anticipated into at least 2026 for the commercial launch of TP-03 and continued pipeline development.
- Second quarter net loss for 2022 was $5.7 million.
Headline financials
Revenue & EPS history
Tarsus · Revenue · Quarterly
$15.3M
Forward guidance
Tarsus is focused on advancing TP-03 for Demodex blepharitis and expanding its pipeline.
Tailwinds
- NDA submission of TP-03 for Demodex blepharitis expected this year.
- TP-03 met the primary and all secondary endpoints in Saturn-2 Phase 3 trial.
- Initiated Ersa Phase 2a trial evaluating TP-03 for the treatment of Meibomian Gland Disease.
- Data from the Callisto Phase 1b trial of TP-05 expected this year.
- Cash runway anticipated into at least 2026.
Headwinds
- Tarsus has incurred significant losses and negative cash flows from operations since inception.
- Tarsus may need to obtain additional funding.
- Tarsus is heavily dependent on the success of TP-03.
- COVID-19 pandemic may affect Tarsus' ability to conduct trials and operations.
- Market opportunity for Tarsus' product candidates may be smaller than estimated.
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 2022
+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
| Quarter | Report date | Reaction (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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