NASDAQ$TYRA
Tyra Biosciences Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the quarter ended March 31, 2023 and highlighted recent corporate progress.
Tyra Biosciences reported a net loss of $11.9 million for the first quarter of 2023, with a strong cash position of $241.7 million as of March 31, 2023. The company continued to advance its SURF301 Phase 1/2 clinical study for oncology and expanded the development of TYRA-300 into achondroplasia. The IND for TYRA-200 was cleared, with a Phase 1 study on track for the second half of 2023.
- SURF301 Phase 1/2 oncology study continued to advance.
- Expanded TYRA-300 clinical development into achondroplasia.
- IND for TYRA-200 cleared with Phase 1 study on track for 2H 2023.
- Maintained a strong cash position of $241.7 million as of Q1 2023.
Headline financials
Revenue & EPS history
Tyra Biosciences · Revenue · Quarterly
$0
Forward guidance
Tyra Biosciences anticipates continued progress in its clinical programs and advancement of its pipeline.
Tailwinds
- Advancing SURF301 Phase 1/2 study for oncology.
- Expanding development of TYRA-300 into achondroplasia.
- Phase 1 study of TYRA-200 on track for 2H 2023.
- Continued advancement of in-house precision medicine discovery engine, SNÅP.
- Cash position expected to support clinical and operational milestones over at least the next two years.
Headwinds
- Drug discovery and development efforts are early and unproven.
- Potential delays in commencement, enrollment, and completion of preclinical studies and clinical trials.
- Unexpected adverse side effects or inadequate efficacy of product candidates.
- Dependence on third parties for manufacturing, research, and preclinical testing.
- Unstable market and economic conditions may adversely affect business and financial condition.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2023
+2.0%
Avg return
Earnings day
+3.0%
Avg return
5 days after
-0.8%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+29.8%
Q3 2021
Best reaction
-11.5%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.5% | +7.7% | +21.8% | |
| Q3 2025 | +0.3% | +8.4% | +50.6% | |
| Q2 2025 | +0.4% | -4.3% | +17.0% | |
| Q1 2025 | -3.1% | -4.0% | +2.3% | |
| Q4 2024 | -0.8% | -10.5% | +3.9% | |
| Q3 2024 | -5.9% | -6.9% | -8.1% | |
| Q1 2024 | -3.8% | +3.1% | +9.7% | |
| Q4 2023 | +7.0% | +3.0% | -9.7% | |
| Q3 2023 | -6.3% | -8.1% | +2.5% | |
| Q2 2023 | +0.9% | +1.6% | -3.4% | |
| Q1 2023 | -3.3% | +7.0% | +13.1% | |
| Q4 2022 | -3.3% | +0.0% | -9.8% | |
| Q3 2022 | -7.1% | +12.9% | -3.1% | |
| Q2 2022 | +11.1% | +14.7% | -24.0% | |
| Q1 2022 | +0.1% | -5.9% | -17.8% | |
| Q4 2021 | -11.5% | -5.3% | -6.4% | |
| Q2 2021 | +29.8% | +20.3% | -26.6% | |
| Q3 2021 | +29.8% | +20.3% | -26.6% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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