The chart below shows how PLSE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLSE sees a +6.81% change in stock price 10 days leading up to the earnings, and a -0.92% change 10 days following the report. On the earnings day itself, the stock moves by -1.23%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q3 Business Advancements: The third quarter was extremely productive for Pulse Biosciences, with significant advancements in our business progress since the start of Q3.
First Patients Treated with Nano-PFA: We treated the first patients with AF using our nano-PFA Cardiac Surgical System in Europe.
FDA Breakthrough Device Designation: The Cardiac Surgical System also received U.S. FDA breakthrough device designation for the treatment of AF and was enrolled in FDA's TAP program, which is shorter for Total Product Life Cycle Advisory Program.
Rights Offering Success: We completed our rights offering, raising $60 million in gross proceeds with the potential to raise an additional $66 million through the exercise of warrants.
Cash and Cash Equivalents Increase: As of September 30, 2024, cash and cash equivalents totaled $79 million compared to $44.4 million as of December 31, 2023.
Negative
GAAP Costs Increase: Total GAAP costs and expenses increased by $2.4 million to $13.7 million compared to $11.3 million in the prior year period.
Stock-Based Compensation Increase: The increase in GAAP costs and expenses was primarily driven by an increase in non-cash stock-based compensation expense, which was $3 million in the third quarter of 2024 compared to $1.8 million in the prior year period.
Non-GAAP Cost Increase: Total non-GAAP costs and expenses in the third quarter of 2024 increased by $1.2 million to $10.4 million compared to $9.2 million in the prior year period.
Quarterly Net Loss Comparison: GAAP net loss in the third quarter of 2024 was $12.7 million compared to $10.6 million in the prior year period.
Quarterly Non-GAAP Net Loss: Non-GAAP net loss in the third quarter of 2024 was $9.4 million compared to $8.5 million in the prior year period.
Pulse Biosciences, Inc. (PLSE) Q3 2024 Earnings Call Transcript
PLSE.O
-0.86%