NASDAQ$WHWK

Whitehawk Therapeutics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Aadi Bioscience announced financial results and operational update for the first quarter 2023.

Aadi Bioscience reported total revenue of $5.9 million from FYARRO® sales in Q1 2023, with a net loss of $15.2 million. The company is progressing with the PRECISION 1 tumor agnostic trial and expects an interim analysis by the end of 2023. They believe they are operating from a position of strength with solid cash balances into 2025.

  • Total revenue resulting from sales of FYARRO was $5.9 million in the first quarter 2023.
  • PRECISION 1 trial is enrolling equally in TSC1 and TSC2 arms with more than 15 discreet tumor types represented.
  • Cash, cash equivalents and short-term investments as of March 31, 2023 were $151.2 million.
  • Net loss for the three months ended March 31, 2023 was $15.2 million.

Headline financials

Total Revenue

$5.87M

Previous: $2.31M+154.3%
EPS (adj)

-$0.57

Previous: -$0.66+13.6%
Capital Expenditures

-$1.37M

Previous: -$23K-5852.2%
Free Cash Flow

-$16.6M

Previous: -$13.9M-19.5%
Net Income

-$15.2M

Previous: -$13.9M-9.9%
Operating Income

-$16.8M

Previous: -$13.8M-21.8%
Gross Profit

$5.34M

Previous: $2.13M+150.8%
Cash & Equivalents

$34M

Previous: $130M-73.8%
Total Assets

$171M

Previous: $142M+19.9%
Stock-Based Comp

$2.74M

Previous: $1.78M+53.8%

Revenue & EPS history

Aadi Bioscience · Revenue · Quarterly

$5.87M

Q1 2023+154.3%vs Q1 2022
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Aadi Bioscience · $5.96M total across 1 segment · Q3 2023

  • Product Sales, Net
    $5.96M

Forward guidance

Aadi Bioscience expects to fund operations into 2025 based on current plans.

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 2023

Historical avgQ1 2023

+1.8%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+4.1%

Avg return

30 days after

37%

11 / 30 earnings

Positive

+69.8%

Q1 2021

Best reaction

-18.7%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.3%-5.5%-0.7%
Q3 2025-0.4%-3.5%+10.2%
Q1 2025+4.9%-4.0%-9.5%
Q4 2024-1.5%+1.2%+14.7%
Q3 2024+5.5%+5.5%+21.6%
Q2 2024-3.6%-1.4%+30.7%
Q1 2024-10.9%-11.4%-17.5%
Q4 2023+5.7%+9.3%+1.0%
Q3 2023-6.6%-5.4%+2.9%
Q2 2023-1.0%+1.7%-12.2%
Q1 2023-18.7%-17.2%-4.7%
Q4 2022-1.8%-0.1%+10.3%
Q3 2022+5.1%+1.2%+1.7%
Q2 2022-6.2%-0.9%-11.0%
Q1 2022+21.2%+30.1%+21.5%
Q4 2021+5.4%+2.3%-8.2%
Q3 2021-16.6%-8.9%-13.4%
Q2 2021+3.0%+2.0%-7.9%
Q1 2021+69.8%+74.1%+69.0%
Q4 2020+1.9%+2.5%-15.1%
Q3 2020-2.2%+21.7%+60.9%
Q2 2020+17.3%+6.4%-22.4%
Q1 2020-0.2%-1.3%+82.3%
Q4 2019-5.8%-17.7%-6.2%
Q3 2019-2.6%-3.6%+0.9%
Q2 2019-1.9%-1.9%+0.9%
Q1 2019-0.9%-1.9%-5.7%
Q4 2018+4.2%+22.4%-65.0%
Q3 2018-1.4%-11.7%-2.3%
Q2 2018-1.7%+3.9%-3.8%
Q4 2011
Q2 2010
Q1 2010

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