The chart below shows how LSTA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LSTA sees a +4.35% change in stock price 10 days leading up to the earnings, and a +1.69% change 10 days following the report. On the earnings day itself, the stock moves by +1.45%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Operating Expenses Decrease: Operating expenses totaled $5.3 million compared to $6 million for the same period last year, representing a decrease of $0.6 million, or 10.5%.
R&D Expense Decrease: Research and development expenses were approximately $2.5 million for the three months ended September 30, 2024, compared to $3.4 million for the same period last year, representing a decrease of $0.8 million, or 24.8%.
Cash and Marketable Securities: As of September 30, 2024, Lisata had cash, cash equivalents, and marketable securities of approximately $35.9 million.
ASCEND Trial Enrollment Success: The ASCEND trial enrolled 158 patients over the course of about 1.5 years, which was a pretty good enrollment rate considering it was done across about 20 sites in Australia and New Zealand.
Peptide Therapy for Endometriosis: The company has initiated preclinical investigation of certain peptides as a potential therapeutic agent outside of oncology in the treatment of endometriosis, a disease which affects hundreds of millions of women worldwide.
Negative
Operating Expenses Decrease: Operating expenses totaled $5.3 million compared to $6 million for the three months ended September 30, 2023, representing a decrease of $0.6 million, or 10.5%.
R&D Expense Decrease: Research and development expenses were approximately $2.5 million for the three months ended September 30, 2024, compared to $3.4 million for the three months ended September 30, 2023, representing a decrease of $0.8 million, or 24.8%.
Net Loss Comparison: Overall, net losses were $4.9 million for the three months ended September 30, 2024, compared to $5.3 million for the three months ended September 30, 2023.
Projected Capital Funding: The company believes that its projected capital will fund its current proposed operations into early 2026, encompassing anticipated data milestones from all its ongoing and planned clinical trials.
Solid Tumors and Patient Outcomes: Despite advances in cancer therapy, many solid tumors are still associated with poor patient outcomes.
Lisata Therapeutics, Inc. (LSTA) Q3 2024 Earnings Call Transcript
LSTA.O
0%