KRTX Stock - Karuna Therapeutics, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $654,000 | $10.64M | $36.96M | N/A | N/A |
| Gross Profit | $-1,047,000 | $9.53M | $36.46M | $-145,000 | $-58,000 |
| Gross Margin | -160.1% | 89.5% | 98.6% | N/A | N/A |
| Operating Income | $-494,777,000 | $-289,676,000 | $-143,853,000 | $-71,816,000 | $-45,405,000 |
| Net Income | $-433,680,000 | $-276,336,000 | $-143,805,000 | $-68,554,000 | $-44,844,000 |
| Net Margin | -66311.9% | -2597.9% | -389.0% | N/A | N/A |
| EPS | $-11.73 | $-8.74 | $-4.94 | $-2.59 | $-3.75 |
Karuna Therapeutics, Inc., a clinical-stage biopharmaceutical company, creates and delivers transformative medicines for people living with psychiatric and neurological conditions. Its lead product candidate is KarXT, an oral modulator of muscarinic receptors that is in Phase III clinical trial for the treatment of acute psychosis in patients with schizophrenia; and for the treatment of central nervous system disorders, such as negative and cognitive symptoms of schizophrenia and psychosis, as well as for the treatment of dementia-related psychosis. The company also focuses on developing other muscarinic-targeted drug candidates. Karuna Therapeutics, Inc. has a license agreement with Eli Lilly and Company, and Zai Lab (Shanghai) Co., Ltd; patent license agreement with PureTech Health LLC; and drug discovery partnership with Charles River Laboratories, as well as drug discovery collaboration with PsychoGenics, Inc. The company was formerly known as Karuna Pharmaceuticals, Inc. and changed its name to Karuna Therapeutics, Inc. in March 2019. Karuna Therapeutics, Inc. was incorporated in 2009 and is headquartered in Boston, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 12th 2023 | Citigroup | Initiation | Buy | $291 |
| December 12th 2023 | Deutsche Bank | Initiation | Buy | $227 |
| August 22nd 2023 | Wells Fargo | Initiation | Overweight | $225 |
| July 20th 2023 | Morgan Stanley | Initiation | Overweight | $280 |
| March 8th 2023 | Cantor Fitzgerald | Initiation | Neutral | $214 |
| January 27th 2023 | UBS | Initiation | Neutral | $209 |
| January 5th 2023 | Piper Sandler | Initiation | Overweight | $285 |
| November 1st 2022 | Loop Capital | Initiation | Buy | $288 |
| July 14th 2022 | SVB Leerink | Initiation | Outperform | $170 |
Earnings History & Surprises
KRTXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2024 | May 2, 2024 | $-3.06 | $-2.80 | +8.5% | ✓ BEAT |
Q1 2024 | Feb 22, 2024 | $-2.64 | $-3.01 | -14.0% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $-2.74 | $-3.16 | -15.3% | ✗ MISS |
Q3 2023 | Aug 3, 2023 | $-2.76 | $-2.75 | +0.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $-2.86 | $-2.80 | +2.1% | ✓ BEAT |
Q1 2023 | Feb 23, 2023 | $-2.23 | $-2.22 | +0.4% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $-1.99 | $-2.38 | -19.6% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $-2.02 | $-2.17 | -7.4% | ✗ MISS |
Q2 2022 | May 5, 2022 | $-2.06 | $-1.95 | +5.3% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $-1.52 | $-0.94 | +38.2% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $-1.40 | $-1.72 | -22.9% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-1.24 | $-1.17 | +5.6% | ✓ BEAT |
Q2 2021 | May 6, 2021 | $-1.06 | $-1.10 | -3.8% | ✗ MISS |
Q1 2021 | Feb 25, 2021 | $-0.91 | $-0.89 | +2.2% | ✓ BEAT |
Q4 2020 | Nov 5, 2020 | $-0.76 | $-0.71 | +6.6% | ✓ BEAT |
Q3 2020 | Aug 5, 2020 | $-0.44 | $-0.65 | -47.7% | ✗ MISS |
Q2 2020 | May 7, 2020 | $-0.45 | $-0.33 | +26.7% | ✓ BEAT |
Q1 2020 | Mar 24, 2020 | $-0.47 | $-0.32 | +31.9% | ✓ BEAT |
Q4 2019 | Nov 7, 2019 | $-0.51 | $-0.39 | +23.5% | ✓ BEAT |
Q3 2019 | Aug 8, 2019 | $-0.87 | $-0.65 | +25.3% | ✓ BEAT |
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