OTLK Earnings Prediction
The chart below shows how OTLK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OTLK sees a -1.89% change in stock price 10 days leading up to the earnings, and a +7.71% change 10 days following the report. On the earnings day itself, the stock moves by +3.18%. This data can give you a slight idea of what to expect for the next quarter's release.
OTLK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
1.74
208.07%
-121.72%
No Data Available
OTLK Earnings Analysis
Outlook Therapeutics, Inc. Common Stock Corporation (OTLK.O) Earnings Conference Call
Positive
Outlook Therapeutics received marketing authorization in both the European Union and the United Kingdom for ophthalmic bevacizumab, validating the data and clinical studies conducted.
Progress has been made in market access work and inventory planning for Germany and the UK, with expected product availability in the first half of calendar 2025.
The NORSE EIGHT study, a three-month noninferiority study with an eight-week efficacy endpoint, is progressing as planned with 359 out of 400 subjects enrolled.
Top-line results from NORSE EIGHT are anticipated in the fourth quarter of this year, potentially providing sufficient clinical data to resubmit the BLA with the US FDA in the first calendar quarter of 2025.
Outlook Therapeutics saw a reduction in the balance of its outstanding convertible note, with additional conversions of the note into common stock in July.
The company's cash position of $32 million as of June 30, 2024, combined with expected proceeds of $107 million from the full exercise of warrants, is projected to support operations through calendar 2025.
Negative
- The outstanding balance of the convertible note is still significant at approximately $30.3 million, with a portion convertible at $40 per share.
- R&D expenses decreased in the current fiscal quarter versus Q2, indicating potential impact on research and development activities.
- G&A expenses increased compared to Q2 due to pre-launch expenses for Europe, potentially impacting profitability.
OTLK FAQs
How does OTLK typically perform around its earnings report dates?
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OTLK Earning Call Sentiment
Outlook Therapeutics, Inc. (OTLK) Q3 2024 Earnings Call Transcript
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OTLK.O
0%Positive
The earnings call presents a mixed outlook. Positive aspects include a reduction in net loss, ongoing clinical trials, and expected EU approval. However, regulatory, clinical trial, and financial risks pose significant uncertainties. The Q&A section highlights potential delays in BLA resubmission and unclear details on UK market access, which are concerns. The absence of strong catalysts like new partnerships or record revenues tempers any positive sentiment. Thus, the overall sentiment remains neutral, as potential gains are balanced by risks and uncertainties.
