NASDAQ$WVE
Wave Life Sciences Ltd · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Wave Life Sciences reported financial results for the second quarter ended June 30, 2024, and provided a business update.
Wave Life Sciences announced positive clinical data from the Phase 1b/2a SELECT-HD study of WVE-003 and initiated dosing in the RestorAATion-2 clinical trial of WVE-006 in AATD patients. The company's cash and cash equivalents were $154.0 million as of June 30, 2024. Revenue was $19.7 million, and net loss was $32.9 million for the second quarter of 2024.
- WVE-003 demonstrated statistically significant allele-selective silencing in HD patients.
- Dystrophin data from the FORWARD-53 trial of WVE-N531 is expected in Q3 2024.
- Dosing initiated in the RestorAATion-2 trial of WVE-006 in AATD patients, with proof-of-mechanism data expected in Q4 2024.
- New preclinical data for WVE-007 in obesity is expected at the R&D Day in Fall 2024.
Headline financials
Revenue & EPS history
Wave Life Sciences · Revenue · Quarterly
$19.7M
Forward guidance
Wave Life Sciences anticipates several milestones in the near term, including a decision from Takeda on the option right for WVE-003, feedback from regulators on a clinical development path to accelerated approval, dystrophin protein expression data from the FORWARD-53 trial in Q3 2024, proof-of-mechanism data from RestorAATion-2 in Q4 2024, and a clinical trial initiation for WVE-007 in Q1 2025.
Tailwinds
- Takeda decision on option right for WVE-003 expected by year-end.
- Regulatory feedback on accelerated approval path for WVE-003 expected by year-end.
- Dystrophin protein expression data from FORWARD-53 trial expected in Q3 2024.
- Proof-of-mechanism data from RestorAATion-2 expected in Q4 2024.
- Clinical trial initiation for WVE-007 expected in Q1 2025.
Headwinds
- No specific negative forward guidance provided in the document.
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 Q2 2024
+1.9%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+8.2%
Avg return
30 days after
48%
20 / 42 earnings
Positive
+42.4%
Q4 2023
Best reaction
-16.3%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.4% | +5.3% | -6.9% | |
| Q4 2025 | +5.6% | -7.6% | -56.2% | |
| Q3 2025 | -10.3% | -9.9% | +157.4% | |
| Q1 2025 | +0.5% | -1.5% | +11.2% | |
| Q4 2024 | +11.7% | -6.5% | -33.9% | |
| Q3 2024 | -4.6% | -16.8% | -15.8% | |
| Q2 2024 | -9.5% | -6.9% | -14.2% | |
| Q1 2024 | -3.9% | -0.2% | -0.7% | |
| Q4 2023 | +42.4% | +42.0% | +23.4% | |
| Q3 2023 | -8.9% | -5.6% | -21.7% | |
| Q2 2023 | +14.4% | +3.0% | +3.9% | |
| Q1 2023 | -0.8% | +8.2% | +23.6% | |
| Q4 2022 | -11.1% | -11.8% | +1.9% | |
| Q3 2022 | -7.6% | -19.3% | -1.3% | |
| Q2 2022 | +37.3% | +45.1% | +26.7% | |
| Q1 2022 | -16.3% | -13.6% | +46.3% | |
| Q4 2021 | -5.7% | -17.1% | -17.5% | |
| Q3 2021 | +1.5% | -3.2% | -25.7% | |
| Q2 2021 | +7.0% | -0.4% | +12.3% | |
| Q1 2021 | +1.5% | +9.6% | +18.3% | |
| Q4 2020 | -7.8% | -8.9% | -40.5% | |
| Q3 2020 | +2.8% | +11.9% | +19.3% | |
| Q2 2020 | +1.5% | -0.5% | +36.9% | |
| Q1 2020 | +28.2% | +30.2% | +28.1% | |
| Q4 2019 | -3.2% | +9.8% | +6.6% | |
| Q3 2019 | -1.0% | +3.1% | +20.9% | |
| Q2 2019 | -3.4% | -9.4% | +3.1% | |
| Q1 2019 | -0.8% | -1.0% | -10.7% | |
| Q4 2018 | +6.1% | +7.6% | -7.3% | |
| Q3 2018 | -12.3% | -15.3% | +4.4% | |
| Q2 2018 | +10.7% | +16.4% | +25.7% | |
| Q1 2018 | -6.9% | -9.7% | +11.5% | |
| Q4 2017 | -7.9% | -11.7% | -10.5% | |
| Q3 2017 | +3.2% | +12.0% | +66.5% | |
| Q2 2017 | -7.7% | -12.8% | +18.4% | |
| Q1 2017 | +2.6% | +7.9% | -2.2% | |
| Q4 2016 | -2.0% | -4.4% | -14.8% | |
| Q3 2016 | +15.3% | +18.2% | +5.2% | |
| Q2 2016 | +5.7% | +13.5% | +26.9% | |
| Q1 2016 | -2.7% | — | — | |
| Q4 2015 | -3.1% | — | — | |
| Q3 2015 | +11.1% | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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