NASDAQ$VKTX

Viking Therapeutics Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and year ended December 31, 2023, and provided an update on its clinical pipeline and other corporate developments.

Viking Therapeutics reported a net loss of $24.6 million, or $0.25 per share, for the fourth quarter ended December 31, 2023. The company's research and development expenses were $20.5 million, and general and administrative expenses were $8.8 million. As of December 31, 2023, Viking held approximately $362 million in cash, cash equivalents, and marketable securities.

  • Results for Phase 2 VENTURE Trial of GLP-1/GIP Agonist VK2735 in Obesity Expected in 1Q24
  • Histology Results for Phase 2b VOYAGE Study Evaluating VK2809 for the Treatment of NASH and Fibrosis Expected in 1H24
  • Results for Phase 1 Trial of Oral VK2735 Expected in 1Q24
  • Strong Year-End Cash Position of $362 Million

Headline financials

Total Revenue

$436K

No prior period
EPS (adj)

-$0.25

Previous: -$0.26+3.8%
R&D Expenses

$20.5M

Previous: $16.2M+26.7%
G&A Expenses

$8.78M

Previous: $4.11M+114.0%
Interest Income, Net

$4.71M

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

-$24.6M

Previous: -$19.6M-25.8%
Operating Income

-$101M

Previous: -$20.3M-397.1%
Gross Profit

$362K

No prior period
R&D Expense

$20.5M

No prior period
Stock-Based Comp

$4.08M

Previous: $2.16M+89.2%

Revenue & EPS history

Viking Therapeutics · Revenue · Quarterly

$436K

Q4 2023
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Viking expects to report topline results from both the VENTURE Phase 2 study and the Phase 1 trial of oral VK2735 in the first quarter of 2024. The company expects to report the 52-week biopsy data from VOYAGE study in the first half of 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 Q4 2023

Historical avgQ4 2023

+1.6%

Avg return

Earnings day

+4.3%

Avg return

5 days after

+10.3%

Avg return

30 days after

48%

21 / 44 earnings

Positive

+25.5%

Q2 2024

Best reaction

-12.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%-0.1%+4.4%
Q4 2025+6.8%+6.7%+24.8%
Q3 2025+8.1%+11.2%+9.0%
Q1 2025-0.5%+8.3%+4.6%
Q4 2024-6.1%-10.6%-13.1%
Q3 2024+18.0%+20.1%-15.2%
Q2 2024+25.5%+18.8%+25.4%
Q1 2024+6.1%+16.2%-3.4%
Q4 2023+17.4%+28.9%+191.7%
Q3 2023-9.2%-10.0%+15.3%
Q2 2023-5.4%+0.1%-6.0%
Q1 2023-1.4%+11.3%+7.2%
Q4 2022+7.2%+6.7%+3.9%
Q3 2022-1.5%+0.2%-2.0%
Q2 2022-2.1%-12.0%+2.1%
Q1 2022+5.7%+10.5%+1.7%
Q4 2021+12.8%+4.5%-11.4%
Q3 2021+5.5%+3.0%-22.9%
Q2 2021+6.5%+6.5%+9.5%
Q1 2021+0.5%+0.3%-15.9%
Q4 2020-11.1%-15.2%-25.7%
Q3 2020+0.2%+0.4%+19.9%
Q2 2020+14.4%+10.8%+3.6%
Q1 2020-12.1%+7.9%+15.3%
Q4 2019-6.4%-4.4%-28.9%
Q3 2019+12.0%+19.8%+6.0%
Q2 2019-5.9%-6.0%-9.6%
Q1 2019+7.9%+6.2%-1.9%
Q4 2018-3.3%+6.5%+17.2%
Q3 2018-4.4%-14.6%-29.9%
Q2 2018-0.2%+3.0%+8.6%
Q1 2018+9.8%+10.0%+133.4%
Q4 2017-7.1%-0.2%-27.2%
Q3 2017-5.2%+16.9%+76.6%
Q2 2017+6.3%+8.4%+21.1%
Q1 2017-5.1%-9.4%-8.7%
Q4 2016-7.8%-7.8%+6.2%
Q3 2016+10.0%+18.0%+12.0%
Q2 2016-3.8%-3.8%+2.3%
Q1 2016+5.9%
Q4 2015-10.7%
Q3 2015-9.9%
Q2 2015+5.7%
Q1 2015-2.3%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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