EURONEXT-PAR$DBVT

DBV Technologies · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

DBV Technologies reported full year 2021 financial results, highlighting cash runway extended into the first quarter 2023 and mVP pivotal protocol completion.

DBV Technologies reported full year 2021 financial results. The company's cash and cash equivalents were $77.3 million. Net loss was $(97.8) million under U.S. GAAP and $(98.1) million under IFRS.

  • Cash and cash equivalents were $77.3 million as of December 31, 2021.
  • Net loss was $(97.8) million under U.S. GAAP and $(98.1) million under IFRS for the year ended December 31, 2021.
  • Operating income was $5.7 million for the year ended December 31, 2021.
  • The protocol for the new Phase 3 pivotal study of the modified Viaskin Peanut (“mVP”) patch was completed at the end of February 2022 and has been prepared for FDA submission.

Headline financials

Total Revenue

€2.93M

Previous: -€1.21M+341.9%
EPS (adj)

-€0.25

Previous: -€0.72+65.3%
Capital Expenditures

€910K

No prior period
Free Cash Flow

-€19.7M

No prior period
Net Income

-€97.8M

Previous: -€39.5M-147.7%
Operating Income

€5.7M

Previous: -€40.2M+114.2%
Gross Profit

€5.71M

Previous: -€1.21M+571.0%
Cash & Equivalents

€77.3M

No prior period
Total Assets

€147M

No prior period
Stock-Based Comp

-€956K

No prior period

Revenue & EPS history

DBV Technologies · Revenue · Quarterly

€2.93M

Q4 2021-341.9%vs Q4 2020
Beat estimate in 2 of 5 quarters(40%)
ActualEstimate

Forward guidance

DBV expects that its current cash and cash equivalents will support its operations into the first quarter of 2023.

Tailwinds

  • Cash runway extended into the first quarter 2023
  • mVP Pivotal Protocol Complete and Ready for Submission to FDA
  • DBV Continues to Engage in Productive Exchanges with FDA
  • Reduction in net cash used in operating activities
  • DBV has continued to practice financial diligence and implemented further cost containment strategies.

Headwinds

  • Uncertainties associated generally with research and development
  • Uncertainties associated with clinical trials and related regulatory reviews and approvals
  • Impact of the COVID-19 pandemic
  • Ability to successfully execute on its budget discipline measures
  • Product candidates have not been authorized for sale in any country.

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 Q4 2021

Historical avgQ4 2021

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro