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ACADIA Pharmaceuticals Q1 2024 Earnings Report

ACADIA Pharmaceuticals logo
$15.38 -0.74 (-4.59%)
As of 04:00 PM Eastern

ACADIA Pharmaceuticals EPS Results

Actual EPS
$0.10
Consensus EPS
$0.04
Beat/Miss
Beat by +$0.06
One Year Ago EPS
-$0.27

ACADIA Pharmaceuticals Revenue Results

Actual Revenue
$205.83 million
Expected Revenue
$208.31 million
Beat/Miss
Missed by -$2.48 million
YoY Revenue Growth
+73.80%

ACADIA Pharmaceuticals Announcement Details

Quarter
Q1 2024
Time
After Market Closes

Conference Call Resources

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ACADIA Pharmaceuticals Earnings Headlines

"King of the Quants”: Please don’t take this warning lightly…
Decades ago, before quantitative models were common on Wall Street, one investor built a system so effective it earned him the nickname "King of the Quants" from Forbes. Now, that same system has uncovered a rare market phenomenon — one he hasn’t seen in 30 years. The last time something like this happened, it created life-changing wealth for some and financial ruin for others. But this time, he says, the outcome could be even more dramatic. The shakeup ahead might be unlike anything we’ve seen before.
Stoke Therapeutics reports Q EPS (18c), consensus (53c)
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About ACADIA Pharmaceuticals

ACADIA Pharmaceuticals (NASDAQ:ACAD), a biopharmaceutical company, focuses on the development and commercialization innovative medicines that address unmet medical needs in central nervous system (CNS) disorders and rare diseases in the United States. The company offers NUPLAZID (pimavanserin) for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis; and DAYBUE, a novel synthetic analog of the amino-terminal tripeptide of insulin-like growth factor 1 for treatment of Rett Syndrome. It also develops Pimavanserin that is in Phase III ADVANCE-2 study to treat the negative symptoms of schizophrenia; ACP-101 whixh is in Phase III for the treatment of hyperphagia in Prader-Willi syndrome; ACP-204 which is in Phase II for the treatment of Alzheimer's disease psychosis; ACP-2591 that is in Phase I for Rett syndrome and Fragile X syndrome; preclinical antisense oligonucleotide programs; and other programs for neuropsychiatric symptoms. It has a license agreement with Neuren Pharmaceuticals Limited to develop and commercialize trofinetide for Rett syndrome and other indications; and a license and collaboration agreement with Stoke Therapeutics, Inc. to discover, develop and commercialize novel RNA-based medicines for the potential treatment of severe and rare genetic neurodevelopmental diseases of the CNS. The company was formerly known as Receptor Technologies, Inc. and changed its name ACADIA Pharmaceuticals Inc. in 1997. ACADIA Pharmaceuticals Inc. was incorporated in 1993 and is headquartered in San Diego, California.

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