NASDAQ$THRD
Third Harmonic Bio Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Financial results for the second quarter of 2023 were announced.
Third Harmonic Bio reported a net loss of $7.6 million for the second quarter of 2023. The company's cash and cash equivalents totaled $278.1 million as of June 30, 2023, which is expected to fund operations through at least 2025. They also announced the next-generation product candidate, THB335.
- Introduced next-generation oral KIT inhibitor product candidate THB335.
- THB335 retains the potency and selectivity of first-generation oral KIT inhibitor, THB001, with differentiated metabolic, distribution, and physicochemical profile
- U.S. Investigational New Drug (IND) application filing and initiation of clinical trials of THB335 planned for the first half of 2024.
- Cash and cash equivalents totaled $278.1 million as of June 30, 2023.
Headline financials
Revenue & EPS history
Third Harmonic · Revenue · Quarterly
$0
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports
+1.0%
Avg return
Earnings day
+14.2%
Avg return
5 days after
+13.0%
Avg return
30 days after
40%
6 / 15 earnings
Positive
+13.0%
Q3 2024
Best reaction
-11.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2025 | +0.6% | -0.2% | +5.8% | |
| Q4 2024 | -1.1% | +42.1% | +41.9% | |
| Q3 2024 | +13.0% | +13.0% | -11.2% | |
| Q2 2024 | +10.6% | +11.5% | +9.2% | |
| Q1 2024 | +10.2% | +11.8% | +3.3% | |
| Q4 2023 | +8.0% | +7.1% | +29.2% | |
| Q3 2023 | +0.8% | — | — | |
| Q2 2023 | -6.4% | — | — | |
| Q1 2023 | -11.1% | — | — | |
| Q4 2022 | -3.5% | — | — | |
| Q3 2021 | -1.2% | — | — | |
| Q4 2021 | -1.2% | — | — | |
| Q3 2022 | -1.2% | — | — | |
| Q1 2022 | -1.2% | — | — | |
| Q2 2022 | -1.2% | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
Discussion
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