NASDAQ$WHWK

Whitehawk Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Aadi Bioscience reported Q4 2022 earnings, with FYARRO net product sales reaching $5.2 million, a 23% quarter-over-quarter growth, and a net loss of $13.9 million.

Aadi Bioscience announced its Q4 and full-year 2022 financial results, featuring $5.2 million in FYARRO net product sales for the quarter and a net loss of $13.9 million. The company highlighted the progress of the PRECISION 1 trial and a new collaboration with Mirati Therapeutics.

  • FYARRO net product sales were $5.2 million in Q4 2022, representing a 23% quarter-over-quarter growth.
  • The PRECISION 1 trial in patients with tumor agnostic TSC1 and TSC2 inactivating alterations is advancing with continued enrollment.
  • Aadi closed on a $72.5M financing during the fourth quarter, extending the Company’s cash runway into 2025.
  • A clinical collaboration agreement was signed with Mirati Therapeutics on combination of adagrasib with nab-sirolimus, with the Phase 1/2 trial expected to begin in the second quarter of 2023.

Headline financials

Total Revenue

$5.23M

Previous: $1M+422.7%
EPS (adj)

-$0.52

Previous: -$0.77+32.5%
Capital Expenditures

$78K

Previous: $46K+69.6%
Free Cash Flow

-$11.4M

Previous: -$12.5M+8.7%
Net Income

-$13.9M

Previous: -$16M+13.0%
Operating Income

-$15.5M

Previous: -$15.9M+3.0%
Gross Profit

$5.01M

Previous: $1M+400.5%
Cash & Equivalents

$39M

Previous: $149M-73.8%
Total Assets

$184M

Previous: $158M+16.7%
Stock-Based Comp

$2.87M

Previous: $1.38M+107.5%

Revenue & EPS history

Aadi Bioscience · Revenue · Quarterly

$5.23M

Q4 2022+422.7%vs Q4 2021
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

The company anticipates continued advancements in 2023, including progression in their first collaboration expected to initiate in the second quarter and providing preliminary data on patients in the PRECISION 1 trial in the second quarter of 2023.

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 2022

Historical avgQ4 2022

+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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