NASDAQ$AKBA

Akebia Therapeutics Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Akebia reported positive top-line results from global Phase 3 program of vadadustat for treatment of anemia due to chronic kidney disease in adult patients on dialysis and financial results

Akebia Therapeutics, Inc. announced positive top-line results from INNO2VATE and reported financial results for the first quarter ended March 31, 2020. The company's cash runway extends well into 2021.

  • Vadadustat achieves primary efficacy and cardiovascular safety endpoints.
  • Company’s cash runway extends well into 2021.
  • Company announced positive top-line results from INNO2VATE.
  • Company settled Auryxia patent litigation with Teva Pharmaceuticals USA, Inc. (Teva) and its wholly owned, indirect subsidiary, Watson Laboratories, Inc. (Watson).

Headline financials

Total Revenue

$88.5M

Previous: $72.7M+21.8%
EPS (adj)

-$0.47

Previous: -$0.44-6.8%
Capital Expenditures

-$1.93M

Previous: -$1.93M+0.0%
Free Cash Flow

-$62.7M

Previous: -$74.3M+15.7%
Net Income

-$60.7M

Previous: -$72.4M+16.1%
Operating Income

-$59.1M

Previous: -$76M+22.2%
Gross Profit

$60.8M

Previous: $41.4M+46.7%
Cash & Equivalents

$115M

Previous: $62.7M+83.9%
Total Assets

$788M

Previous: $891M-11.6%

Revenue & EPS history

Akebia · Revenue · Quarterly

$88.5M

Q1 2020+21.8%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Akebia · $88.5M total across 2 segments · Q1 2020

  • License & other revenue
    $59.3M
  • Auryxia
    $29.2M

Forward guidance

Akebia is focused on supporting patients and executing on its plans to position Akebia for long term growth.

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 Q1 2020

Historical avgQ1 2020

-2.5%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-2.1%

Avg return

30 days after

41%

19 / 46 earnings

Positive

+34.4%

Q1 2020

Best reaction

-22.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-20.3%-20.3%-36.7%
Q4 2025+9.9%+0.8%+10.7%
Q3 2025-18.4%-18.1%-20.1%
Q1 2025+6.6%+0.8%+61.4%
Q4 2024-12.4%+32.1%-14.5%
Q3 2024-3.0%-2.5%+2.5%
Q2 2024+0.0%+20.7%+21.6%
Q1 2024-13.6%-12.1%-24.3%
Q4 2023+20.6%+29.8%+3.5%
Q3 2023-16.5%-15.3%+3.7%
Q2 2023+10.4%+12.0%-5.6%
Q1 2023-3.7%+3.7%+17.4%
Q4 2022-22.4%-33.7%-47.6%
Q3 2022+1.9%+2.6%+9.0%
Q2 2022+1.0%+3.6%-2.8%
Q1 2022+11.2%+16.6%+15.6%
Q4 2021+13.4%+12.0%-66.8%
Q3 2021-12.3%-14.4%-24.6%
Q2 2021+10.5%+6.5%+22.2%
Q1 2021+2.6%+10.6%+17.9%
Q4 2020-19.2%-17.5%-26.2%
Q3 2020-7.4%+0.8%+19.8%
Q2 2020-6.4%-4.1%-75.9%
Q1 2020+34.4%+38.3%+40.6%
Q4 2019-13.8%-27.0%-13.0%
Q3 2019-9.6%-8.2%+73.5%
Q2 2019+20.5%+22.4%+11.2%
Q1 2019+1.5%-0.7%-26.8%
Q4 2018-0.9%+2.7%-15.3%
Q3 2018+10.3%-4.2%+5.0%
Q2 2018-18.1%-22.1%-20.8%
Q1 2018+0.7%+11.0%+10.5%
Q4 2017-10.6%-12.6%-28.9%
Q3 2017-12.6%-12.8%-8.5%
Q2 2017+6.8%+9.4%+26.0%
Q1 2017-2.3%+2.2%+8.2%
Q4 2016-12.6%-9.3%-11.1%
Q3 2016+10.6%+14.1%+9.9%
Q2 2016-9.6%-7.4%-3.8%
Q1 2016-8.8%
Q4 2015-2.4%
Q3 2015-16.6%
Q2 2015-16.9%
Q1 2015+3.3%
Q3 2014-3.2%
Q1 2014+3.7%
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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