NASDAQ$TLPH

AcelRx Pharmaceuticals Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter 2024 financial results and provided a corporate update.

Talphera reported its third quarter 2024 financial results, highlighting progress in the NEPHRO CRRT study with activated screening sites and an expectation to complete the study next year. The company's cash and investments totaled $11.1 million as of September 30, 2024.

  • Five clinical sites are actively screening patients for the NEPHRO CRRT study, with multiple patients having completed the study.
  • Two additional large-volume clinical sites are expected to begin screening patients in the fourth quarter.
  • The company met with physicians and investigators at Kidney Week 2024, confirming the need for alternative anticoagulants for CRRT.
  • Cash, cash equivalents, and investments totaled $11.1 million as of September 30, 2024.

Headline financials

Total Revenue

$0.00

Previous: $117K-100.0%
EPS

-$0.13

Previous: -$0.08-62.5%
R&D expense

$2.05M

No prior period
SG&A expense

$1.7M

No prior period
Capital Expenditures

$0.00

Previous: -$100K+100.0%
Free Cash Flow

-$3.35M

Previous: -$1.46M-130.1%
Net Income

-$3.35M

Previous: -$1.36M-147.1%
Operating Income

-$3.75M

Previous: -$2.33M-61.0%
Cash & Equivalents

$11.1M

Previous: $13.4M-17.0%
Total Assets

$21M

Previous: $23.3M-9.7%
Stock-Based Comp

$234K

Previous: $378K-38.1%

Revenue & EPS history

AcelRx · Revenue · Quarterly

$0

Q3 2024-100%vs Q3 2023
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Forward guidance

Talphera anticipates increased NEPHRO study enrollment rates and the activation of additional study sites, with the expectation of completing the study next year.

Tailwinds

  • Increased enrollment rates in the NEPHRO CRRT study expected.
  • Activation of additional study sites anticipated.
  • Potential for nafamostat to avoid risks of systemic anticoagulation.
  • Nafamostat has the potential to address unmet needs in anticoagulation of the extracorporeal circuit.
  • Breakthrough Device Designation could provide an advantage.

Headwinds

  • Clinical studies may not be fully enrolled or completed.
  • Developmental product candidates may not be beneficial or successfully commercialized.
  • Talphera may not obtain regulatory approvals for its product candidates.
  • Talphera and its partners may face challenges in implementing development and commercial launch plans.
  • Talphera's liquidity and capital resources may be insufficient to conduct its clinical studies.

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 2024

Historical avgQ3 2024

-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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