NASDAQ$THRD

Third Harmonic Bio Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Financial results announced for fourth quarter and year-end 2022.

Third Harmonic Bio reported its Q4 and year-end 2022 financial results, highlighting progress in preclinical development of a next-generation oral KIT inhibitor for mast cell-mediated inflammatory diseases. The company's cash and cash equivalents totaled $288.9 million as of December 31, 2022.

  • Progressing preclinical next-generation oral KIT Inhibitor for Mast Cell-Mediated Inflammatory Diseases.
  • Observed promising preliminary clinical activity in Phase 1b clinical trial of THB001.
  • Discontinued Phase 1b clinical trial of THB001 in chronic inducible urticaria following observation of asymptomatic liver transaminitis in two subjects.
  • Making meaningful progress toward selecting a next-generation KIT inhibitor development candidate in 2023.

Headline financials

EPS (adj)

-$0.36

Previous: -$13.08+97.2%
Capital Expenditures

$36K

No prior period
Free Cash Flow

-$9.32M

Previous: -$4.34M-114.8%
Net Income

-$11.5M

Previous: -$15.8M+27.1%
Operating Income

-$37.7M

Previous: -$5.75M-555.7%
Cash & Equivalents

$289M

Previous: $128M+125.2%
Total Assets

$299M

Previous: $129M+131.2%
Stock-Based Comp

$2.13M

Previous: $235K+807.7%

Revenue & EPS history

Third Harmonic · Revenue · Quarterly

$0

Q1 2025

Historical earnings impact

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

Avg. return before/after earnings

Based on 5 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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

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