EURONEXT-PAR$DBVT

DBV Technologies · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

DBV Technologies received FDA feedback on COMFORT safety studies and reported Q3 2023 financial results.

DBV Technologies announced the receipt of written feedback from the FDA regarding the COMFORT supplemental safety studies and reported financial results for Q3 2023. The company's cash and cash equivalents amounted to $149.1 million as of September 30, 2023.

  • Received written feedback from the FDA clarifying design elements for COMFORT Toddlers and COMFORT Children supplemental safety studies.
  • Both supplemental safety studies will have harmonized, simplified protocol language on how the product should be used.
  • COMFORT Toddlers study will apply the same eligibility criteria as EPITOPE, DBV’s Phase 3 efficacy study in toddlers 1-3 years.
  • DBV anticipates the first subject enrolled in COMFORT Toddlers study in Q1 2024.

Headline financials

Total Revenue

€2.53M

Previous: €2.07M+22.1%
EPS (adj)

-€0.09

Previous: -€0.18+50.0%
Capital Expenditures

-€46.3K

Previous: €373K-112.4%
Free Cash Flow

-€18.2M

Previous: -€20.4M+11.1%
Net Income

-€16.7M

Previous: -€17.3M+3.4%
Operating Income

€2.4M

Previous: -€18M+113.3%
Gross Profit

€2.4M

Previous: €2.07M+15.7%
Cash & Equivalents

€149M

Previous: €213M-29.9%
Total Assets

€190M

Previous: €248M-23.5%
R&D Expense

€13.8M

No prior period
Stock-Based Comp

€1.35M

Previous: €975K+38.9%

Revenue & EPS history

DBV Technologies · Revenue · Quarterly

€2.53M

Q3 2023+22.1%vs Q3 2022
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

DBV Technologies expects to submit the final COMFORT Toddlers protocol design to the Agency in the coming weeks and anticipates the first subject will be enrolled in Q1 2024. The initiation of COMFORT Children is expected after the start of COMFORT Toddlers and in alignment with VITESSE recruitment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+11.4%

Avg return

30 days after

47%

20 / 43 earnings

Positive

+21.6%

Q4 2018

Best reaction

-29.8%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+2.7%-4.3%-83.9%
Q3 2025-1.2%-5.4%-1.4%
Q1 2025-4.4%+4.2%-7.3%
Q4 2024+7.5%+0.9%-1.4%
Q3 2024-2.5%-11.3%+380.9%
Q1 2024+3.7%-14.0%-15.4%
Q4 2023+1.2%+1.1%-9.6%
Q3 2023-2.9%-1.9%-29.5%
Q2 2023+1.9%-2.5%-3.2%
Q1 2023+5.8%+4.5%+27.6%
Q4 2022-0.7%+4.1%+16.6%
Q3 2022+2.7%+2.0%-9.5%
Q2 2022-5.5%+3.5%-21.2%
Q1 2022-1.6%+6.2%+19.4%
Q4 2021+3.1%+0.8%+22.3%
Q3 2021-29.8%-40.9%-41.3%
Q2 2021-4.4%-8.1%+7.7%
Q1 2021-1.1%+0.6%+21.4%
Q4 2020-0.4%+2.9%+86.2%
Q3 2020+0.0%-3.5%-16.4%
Q2 2020-3.0%-3.5%-16.8%
Q1 2020-7.7%-7.7%+53.6%
Q4 2019-1.2%+3.6%-11.7%
Q3 2019-0.4%+4.0%-13.7%
Q2 2019+5.5%+26.5%+17.2%
Q1 2019-1.7%+14.3%+26.5%
Q4 2018+21.6%+34.8%+16.3%
Q3 2018-2.7%-14.8%-18.9%
Q2 2018-1.9%-0.1%-8.2%
Q1 2018-1.3%+3.7%-4.9%
Q4 2017+3.5%+7.8%-4.7%
Q3 2017+5.5%-3.4%+17.2%
Q2 2017+1.4%+1.3%+25.0%
Q1 2017-0.3%-1.7%+1.3%
Q4 2016-1.1%-0.4%-1.0%
Q3 2016+1.1%+1.9%-2.7%
Q2 2016+3.5%+0.6%+6.8%
Q1 2016+6.7%
Q4 2015-2.3%
Q3 2015+3.7%
Q2 2015+4.3%
Q1 2015+0.4%
Q4 2014+5.2%
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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