earnings
confidence high
sentiment negative
materiality 0.65
Aclaris Q3 net loss widens to $21.1M; cash $243.6M; IND filed for ATI-2138
Aclaris Therapeutics, Inc.
2022-Q3 EPS reported
-$1.23
revenue$5,260,000
- Net loss Q3 2021: $21.1M vs $10.7M in Q3 2020; revenue $1.7M vs $1.4M.
- Cash, cash equivalents and marketable securities of $243.6M as of Sep 30, 2021; runway through end of 2024.
- IND submitted in Oct 2021 for ATI-2138, an oral ITK/TXK/JAK3 inhibitor for psoriasis.
- Zunsemetinib (ATI-450) Phase 2b in RA planned Q4 2021; Phase 2 trials in psoriatic arthritis and hidradenitis suppurativa planned.
- Kamil Ali-Jackson, Chief Legal Officer and Co-Founder, retiring effective Jan 3, 2022; severance includes salary, bonus, vesting acceleration.