NASDAQ$TLPH

AcelRx Pharmaceuticals Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported second quarter 2023 financial results and provided a corporate update.

AcelRx reported its second quarter 2023 financial results, highlighting a focus on their late-stage product portfolio following the divestment of DSUVIA. They await the FDA's response to their Emergency Use Authorization (EUA) request for Niyad and are set to begin a registrational study in Q4 2023. The company closed a capital raise in July, gaining access to up to $26.3 million.

  • Closed a capital raise in July, providing access to up to $26.3 million in capital.
  • AcelRx awaits response to Emergency Use Authorization (EUA) of Niyad™ submitted to the FDA in April.
  • Registrational study for Niyad is set to initiate in Q4 2023.
  • Senior debt with Oxford was fully repaid in Q2 2023.

Headline financials

Total Revenue

$253K

Previous: $570K-55.6%
EPS (adj)

-$0.40

Previous: -$1.20+66.7%
Capital Expenditures

-$100K

Previous: -$158K+36.7%
Free Cash Flow

-$4.47M

Previous: $70.5M-106.3%
Net Income

-$4.37M

Previous: $70.7M-106.2%
Operating Income

-$3.12M

Previous: -$13.6M+77.0%
Gross Profit

-$1.3M

Previous: -$306K-324.5%
Cash & Equivalents

$7.41M

Previous: $15.2M-51.1%
Total Assets

$17.7M

Previous: $56.1M-68.4%
Stock-Based Comp

$471K

Previous: $753K-37.5%

Revenue & EPS history

AcelRx · Revenue · Quarterly

$253K

Q2 2023-55.6%vs Q2 2022
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Forward guidance

AcelRx is on track to begin its registrational study for Niyad later this year with an expected data readout mid-2024. They expect continued support from the FDA for their planned PMA submission in the second half of 2024. A potential earlier milestone for Niyad is the receipt of an Emergency Use Authorization, which was submitted to the FDA in April.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-2.7%

Avg return

Earnings day

-3.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

32%

20 / 62 earnings

Positive

+23.5%

Q4 2017

Best reaction

-46.9%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.7%-7.0%
Q3 2025-18.6%+3.9%-7.8%
Q2 2025+0.0%+14.0%+118.6%
Q1 2025-3.9%+2.0%-3.9%
Q4 2024+6.0%+2.0%+2.0%
Q3 2024-2.2%-25.3%-28.6%
Q2 2024-5.5%+2.2%-1.1%
Q1 2024-1.0%+4.9%-4.9%
Q4 2025+0.0%-1.9%+1.9%
Q4 2023+1.6%-12.0%-4.0%
Q3 2023-9.7%-11.5%+40.4%
Q2 2023-7.4%-18.9%-8.4%
Q1 2023+14.5%+14.5%+79.7%
Q4 2022-8.3%-16.7%-6.9%
Q3 2022+22.3%+16.0%+22.3%
Q2 2022+12.5%+33.3%+16.7%
Q1 2022+4.8%+23.8%-4.8%
Q4 2021-22.7%-29.5%-38.6%
Q3 2021-10.1%-8.9%-34.2%
Q2 2021-20.5%-10.3%-12.8%
Q1 2021+11.2%+9.6%+18.3%
Q4 2020-16.2%-21.6%-97.0%
Q3 2020-20.8%-21.3%-16.9%
Q2 2020-7.6%-0.8%-12.9%
Q1 2020-1.3%-9.7%-11.0%
Q4 2019-7.8%-18.4%+25.2%
Q3 2019-1.5%-12.3%-7.9%
Q2 2019-5.8%-7.4%-4.1%
Q1 2019-10.7%-10.1%-34.8%
Q4 2018-9.4%-14.4%-4.4%
Q3 2018+2.9%-14.5%-18.8%
Q2 2018+5.7%+7.5%+17.0%
Q1 2018+0.0%+2.0%+48.0%
Q4 2017+23.5%+26.5%+29.4%
Q3 2017+1.5%-5.1%+7.7%
Q2 2017-24.4%-25.6%-15.4%
Q1 2017-3.7%-7.4%-16.7%
Q4 2016+11.5%+3.3%+3.3%
Q3 2016-3.6%-7.1%+1.8%
Q2 2016+19.8%+17.8%+5.9%
Q1 2016-6.2%
Q4 2015-8.7%
Q3 2015+13.5%
Q2 2015+8.0%
Q1 2015-24.6%
Q4 2014-46.9%
Q3 2014+14.7%
Q2 2014-5.1%
Q1 2014-5.6%
Q4 2013+7.0%
Q3 2013-0.4%
Q2 2013-12.9%
Q1 2013-3.6%
Q4 2012-5.0%
Q3 2012-5.8%
Q2 2012-2.3%
Q1 2012+0.0%
Q4 2011-5.9%
Q3 2011-0.7%
Q2 2011+2.8%
Q1 2011+5.1%
Q4 2010-3.1%
Q3 2010
Q2 2010
Q1 2010

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