NASDAQ$VTGN

Vistagen Therapeutics Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Vistagen's Q2 2023 financial results were reported, and a corporate update was provided.

Vistagen reported a net loss of $17.5 million for the second quarter of fiscal year 2023, with cash and cash equivalents of $35.3 million at the end of the quarter. The company is preparing to restart the PALISADE-2 Phase 3 trial for PH94B in social anxiety disorder and plans to meet with the FDA regarding the next steps in Phase 3 development.

  • Independent data analysis supports restarting the PALISADE-2 Phase 3 study of PH94B in social anxiety disorder.
  • Preliminary data from the PALISADE Open Label Study demonstrates potential for PH94B to help individuals suffering from social anxiety disorder.
  • Vistagen submitted a U.S. Investigational New Drug application for a Phase 1 study to facilitate entering Phase 2B development of PH10 in major depressive disorder.
  • Enrollment completed in exploratory Phase 2A trial of PH94B in adjustment disorder with anxiety, with topline results anticipated in the first quarter of calendar 2023.

Headline financials

Total Revenue

$358K

Previous: $358K+0.0%
EPS (adj)

-$2.40

Previous: -$2.10-14.3%
Capital Expenditures

-$200K

Previous: -$200K+0.4%
Free Cash Flow

-$32.5M

Previous: -$17.8M-82.4%
Net Income

-$17.5M

Previous: -$12.8M-36.6%
Operating Income

-$17.5M

Previous: -$12.8M-36.6%
Gross Profit

-$893K

Previous: $358K-349.3%
Cash & Equivalents

$35.3M

Previous: $93.6M-62.3%
Total Assets

$40.7M

Previous: $100M-59.5%
Stock-Based Comp

$1.03M

Previous: $765K+35.0%

Revenue & EPS history

Vistagen · Revenue · Quarterly

$358K

Q2 2023+0%vs Q2 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Vistagen · $1.27M total across 1 segment · Q4 2026

  • Sublicense and other revenue
    $1.27M

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 Q2 2023

Historical avgQ2 2023

+2.5%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

39%

23 / 59 earnings

Positive

+94.1%

Q4 2012

Best reaction

-24.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+19.2%+17.1%
Q3 2026-3.5%-7.0%+7.0%
Q2 2026+0.0%+18.4%+11.8%
Q1 2026+8.1%+7.3%+30.0%
Q4 2025+7.0%+5.7%-3.9%
Q3 2025+4.2%+0.0%-5.3%
Q2 2025+1.3%-5.5%-16.1%
Q1 2025-2.7%-2.7%-5.3%
Q4 2024+0.3%-4.3%+6.3%
Q3 2024+4.7%-1.0%-23.9%
Q2 2024-16.6%+3.2%+51.0%
Q1 2024-8.8%-10.8%-4.3%
Q4 2023+6.5%+19.5%+7.1%
Q3 2023-24.0%-28.0%-44.0%
Q2 2023+45.5%+45.5%+9.1%
Q1 2023-5.9%-5.9%+23.5%
Q4 2022-3.9%-10.8%-85.3%
Q3 2022-7.4%-1.2%-26.5%
Q2 2022+0.4%-7.7%-21.0%
Q1 2022+2.2%+0.0%+11.4%
Q4 2021+10.9%+19.4%-5.6%
Q3 2021-5.0%-1.0%+16.9%
Q2 2021+2.9%+5.9%+8.8%
Q1 2021-7.3%-14.6%-25.6%
Q4 2020+1.9%+1.9%+76.9%
Q3 2020-12.2%-10.8%-45.9%
Q2 2020+0.9%+0.0%-58.9%
Q1 2020-12.7%-7.3%+100.0%
Q4 2019-5.3%-2.7%-30.7%
Q3 2019-2.9%-16.1%-26.4%
Q2 2019-3.3%-0.9%-19.3%
Q1 2019-3.1%+2.3%+8.6%
Q4 2018+1.5%+3.0%-2.3%
Q3 2018+3.4%+8.6%+9.5%
Q2 2018-1.3%-3.7%+125.0%
Q1 2018+0.0%+5.2%-6.4%
Q4 2017+2.2%-3.3%+11.5%
Q3 2017-10.2%-19.3%-28.8%
Q2 2017+2.4%-1.1%-6.1%
Q1 2017+6.3%+7.8%+28.5%
Q4 2016-9.9%-4.2%-8.8%
Q3 2016+0.0%
Q2 2016+0.0%
Q1 2016-9.2%
Q4 2015-6.3%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014-1.5%
Q3 2014+0.0%
Q2 2014-8.6%
Q4 2013+0.0%
Q1 2014+0.0%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+94.1%
Q4 2012+94.1%
Q3 2012+1.8%
Q2 2012+0.0%
Q2 2011
Q4 2011
Q3 2010
Q1 2010
Q4 2010

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