NASDAQ$VYNE

VYNE Therapeutics INC · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

VYNE reported financial results for Q1 2024 and provided a business update.

VYNE Therapeutics reported a net loss of $6.2 million on revenues of $0.1 million for the first quarter of 2024. The company is advancing its VYN201 program towards a Phase 2b trial and received IND clearance for its VYN202 program.

  • Finalized the design of Phase 2b trial for VYN201 in nonsegmental vitiligo and on track to begin this quarter.
  • Received IND clearance for oral BD2-selective BET inhibitor, VYN202; anticipate first healthy volunteers to be dosed in Phase 1a SAD/MAD trial this quarter.
  • Cash, cash equivalents, restricted cash and marketable securities totaled $86.0 million as of March 31, 2024.
  • VYNE believes its cash, cash equivalents, restricted cash and marketable securities as of March 31, 2024 will be sufficient to fund its operations through the end of 2025.

Headline financials

Total Revenue

$98K

Previous: $99K-1.0%
EPS

-$0.15

Previous: -$1.48+89.9%
General and administrative

$3.77M

No prior period
Total operating expenses

$7.48M

No prior period
Other income, net

$1.14M

No prior period
Weighted avg shares outstanding

42.6M

No prior period
Research and development

$3.71M

Previous: $2.73M+35.6%
Free Cash Flow

-$6.25M

Previous: -$5.62M-11.2%
Net Income

-$6.25M

Previous: -$5.62M-11.2%
Operating Income

-$7.38M

Previous: -$5.88M-25.6%
Cash & Equivalents

$19.1M

Previous: $30.2M-36.9%
Total Assets

$91.7M

Previous: $35.3M+160.0%
R&D Expense

$3.71M

No prior period
Stock-Based Comp

$985K

Previous: $856K+15.1%

Revenue & EPS history

VYNE · Revenue · Quarterly

$98K

Q1 2024-1%vs Q1 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

VYNE · $86K total across 1 segment · Q1 2026

  • Royalty revenues
    $86K

Forward guidance

VYNE expects to dose the first subject in the VYN201 Phase 2b trial and the first healthy volunteers in the VYN202 Phase 1a trial this quarter.

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 Q1 2024

Historical avgQ1 2024

-1.0%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-10.8%

Avg return

30 days after

52%

17 / 33 earnings

Positive

+23.0%

Q4 2021

Best reaction

-38.4%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%
Q4 2025+1.0%-0.2%-0.5%
Q2 2025+0.6%-4.3%-10.6%
Q1 2025-2.4%-20.0%-28.1%
Q4 2024-2.5%-21.3%-34.7%
Q3 2024+1.0%-4.2%-14.4%
Q2 2024+8.8%+8.2%+7.6%
Q1 2024-1.8%+6.3%-17.3%
Q4 2023-4.7%-3.4%+31.8%
Q3 2023+1.7%+11.4%-23.1%
Q2 2023-11.8%-13.7%-26.7%
Q1 2023+20.9%+17.9%-11.9%
Q4 2022-14.7%-21.2%-11.1%
Q3 2022+9.7%+0.0%-15.4%
Q2 2022+5.3%+12.5%-4.6%
Q1 2022+5.0%+8.2%+27.2%
Q4 2021+23.0%+28.7%-8.0%
Q3 2021-1.5%-5.9%+10.3%
Q2 2021-38.4%-42.9%-45.7%
Q1 2021-19.7%-24.9%-15.4%
Q4 2020-9.7%-6.5%-6.5%
Q3 2020-2.6%+0.6%-1.2%
Q2 2020-12.5%-12.2%-26.8%
Q1 2020-7.2%-13.3%+7.2%
Q4 2019+5.8%+42.6%-9.3%
Q3 2019+4.4%+2.6%-21.3%
Q2 2019-8.7%-16.4%+29.8%
Q1 2019-1.3%-2.3%-4.5%
Q4 2018+0.5%+0.2%-7.3%
Q3 2018+1.7%+0.0%-17.8%
Q2 2018+3.4%-2.7%-5.9%
Q1 2018+9.2%+7.2%-11.9%
Q4 2017+4.8%+2.9%-78.1%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016

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