NASDAQ$TLPH

AcelRx Pharmaceuticals Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

AcelRx reported Q3 2023 financial results and provided a corporate update, highlighting Niyad™ IDE approval and plans for a registrational study.

AcelRx announced Niyad™ IDE approval by the FDA and plans to start its Niyad registrational study this quarter, with topline data expected mid-2024. The company reported cash and investments of $13.4 million as of September 30, 2023 and revenues of $0.1 million for the third quarter.

  • Niyad™ Investigational Device Exemption (IDE) approval by the FDA was achieved in the third quarter.
  • The company plans to begin its Niyad registrational study this quarter, with topline data expected mid-2024.
  • Cash and investments were $13.4 million as of September 30, 2023.
  • A financing closed in July led by new healthcare investors providing up to $26.3 million, of which $10 million was made immediately available.

Headline financials

Total Revenue

$117K

Previous: $507K-76.9%
EPS (adj)

-$0.08

Previous: -$0.94+91.5%
Capital Expenditures

-$100K

Previous: -$316K+68.4%
Free Cash Flow

-$1.46M

Previous: -$7.07M+79.4%
Net Income

-$1.36M

Previous: -$6.75M+79.9%
Operating Income

-$2.33M

Previous: -$6.63M+64.9%
Gross Profit

$117K

Previous: -$62K+288.7%
Cash & Equivalents

$13.4M

Previous: $12.7M+5.2%
Total Assets

$23.3M

Previous: $48.3M-51.9%
R&D Expense

$1.18M

No prior period
Stock-Based Comp

$378K

Previous: $701K-46.1%

Revenue & EPS history

AcelRx · Revenue · Quarterly

$117K

Q3 2023-76.9%vs Q3 2022
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Forward guidance

AcelRx plans to begin its Niyad registrational study this quarter with topline data expected mid-2024 and submission of an application for Premarket Approval, or PMA, planned in the second half of next year.

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 Q3 2023

Historical avgQ3 2023

-2.7%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-0.3%

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%+9.5%-94.1%
Q4 2020-16.2%-21.6%-38.3%
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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