NASDAQ$TPST

Tempest Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Tempest reported financial results for the first quarter of 2024 and provided a corporate update.

Tempest Therapeutics reported a net loss of $7.9 million for the first quarter of 2024. The company ended the quarter with $32.3 million in cash and cash equivalents and expects to fund operations into the second quarter of 2025.

  • Advanced TPST-1120 into a pivotal Phase 3 trial in first-line HCC and TPST-1495 into a Phase 2 in FAP.
  • Reported new preclinical data for TPST-1120 in kidney cancer at the AACR Annual Meeting.
  • Published positive data from the Phase 1 Trial of TPST-1120 in patients with advanced solid tumors in the Journal of Cancer Research Communications.
  • Presented new data at the SITC 2024 Spring Scientific Meeting elucidating the mechanism of TPST-1120 and supporting its potential in multiple cancers.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.36

Previous: -$0.55+34.5%
Net loss per share

-$4.62

No prior period
G&A expenses

$3.63M

No prior period
R&D expenses

$4.34M

No prior period
Capital Expenditures

-$168K

Previous: $46K-465.2%
Net Income

-$7.9M

Previous: -$7.64M-3.5%
Operating Income

-$7.97M

Previous: -$7.58M-5.2%
Gross Profit

-$88K

No prior period
R&D Expense

$4.34M

No prior period

Revenue & EPS history

Tempest · Revenue · Quarterly

$0

Q1 2024

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-2.1%

Avg return

Earnings day

-3.1%

Avg return

5 days after

-10.2%

Avg return

30 days after

34%

12 / 35 earnings

Positive

+15.8%

Q2 2022

Best reaction

-41.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.2%+4.5%-36.2%
Q3 2025-3.2%-3.3%-68.6%
Q2 2025+10.0%+31.5%+33.7%
Q1 2025-2.6%-8.2%+0.7%
Q4 2024+5.9%-9.5%-28.9%
Q3 2024-11.5%-19.1%-24.1%
Q2 2024-16.8%-21.4%-11.4%
Q1 2024-5.5%-2.0%-10.4%
Q4 2023-3.1%-5.9%-18.1%
Q3 2023+6.1%+11.7%+3.6%
Q2 2023+7.2%+13.5%-29.1%
Q1 2023+3.4%+6.3%-42.0%
Q4 2022+10.2%+8.1%+80.3%
Q3 2022-12.1%-11.5%-14.0%
Q2 2022+15.8%+18.2%+5.1%
Q1 2022+5.9%+12.9%-2.2%
Q4 2021-3.6%-18.8%-12.4%
Q3 2021-2.5%-7.8%-35.5%
Q2 2021-0.1%-6.3%+6.3%
Q1 2021-0.8%-1.6%-10.2%
Q4 2020-41.3%-41.7%-46.3%
Q3 2020-1.3%-1.3%+28.2%
Q2 2020-2.6%-3.6%-17.7%
Q1 2020-4.7%+0.0%+32.0%
Q3 2019-2.7%+1.2%-21.1%
Q2 2019-0.5%-7.4%-23.2%
Q1 2019+2.6%+0.9%-21.2%
Q3 2018-5.2%-13.0%-10.0%
Q2 2018-14.4%-8.9%-15.6%
Q1 2018+0.7%+0.7%-4.7%
Q3 2017-4.6%-2.9%-0.7%
Q2 2017+3.1%-2.5%-12.3%
Q1 2017-0.4%-1.8%-8.1%
Q3 2016-6.8%-31.6%-35.4%
Q2 2016-0.5%+11.2%+12.7%
Q1 2016
Q3 2015
Q2 2015
Q1 2015

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