NASDAQ$ARVN

Arvinas Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2020 and provided a corporate update.

Arvinas reported revenue of $6.2 million and a net loss of $21.7 million for the first quarter ended March 31, 2020. The company's cash, cash equivalents, and marketable securities were $262.8 million as of March 31, 2020, which is expected to fund operations into 2022.

  • Arvinas expects to share updated data from the dose escalation portion of its Phase 1/2 clinical study in men with mCRPC in a presentation at the virtual ASCO annual meeting in the second quarter of 2020 for the ARV-110 program.
  • For the ARV-471 program, which is being studied in patients with locally advanced or metastatic ER+/HER2- breast cancer, Arvinas expects to share data from the dose escalation portion of its Phase 1/2 clinical trial in the second half of 2020.
  • In the second half of 2020, Arvinas expects to provide information about the advancement of additional programs in its robust preclinical pipeline.
  • Cash, cash equivalents, and marketable securities were $262.8 million as of March 31, 2020.

Headline financials

Total Revenue

$6.24M

Previous: $4.02M+55.4%
EPS (adj)

-$0.56

Previous: -$0.46-21.7%
R&D Expenses

$21.7M

Previous: $14.2M+53.1%
G&A Expenses

$7.93M

Previous: $5.64M+40.5%
Capital Expenditures

-$1.36M

Previous: -$381K-257.9%
Free Cash Flow

-$23.1M

Previous: -$14.8M-56.2%
Net Income

-$21.7M

Previous: -$14.4M-50.9%
Operating Income

-$23.4M

Previous: -$15.8M-48.0%
Gross Profit

$6.24M

Previous: $4.02M+55.4%
Cash & Equivalents

$36.1M

Previous: $28.8M+25.4%
Total Assets

$282M

Previous: $187M+51.4%

Revenue & EPS history

Arvinas · Revenue · Quarterly

$6.24M

Q1 2020+55.4%vs Q1 2019
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

Arvinas · $6.24M total across 1 segment · Q1 2020

  • Collaboration Revenue
    $6.24M+55.4%

Forward guidance

Based on its current operating plan, Arvinas expects its cash, cash equivalents, and marketable securities will be sufficient to fund its planned operating expenses and capital expenditures into 2022.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-2.4%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-1.6%

Avg return

30 days after

30%

9 / 30 earnings

Positive

+11.8%

Q1 2019

Best reaction

-24.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.4%-10.2%-31.0%
Q4 2025+5.2%+4.7%-7.4%
Q3 2025+0.5%+17.3%+34.1%
Q1 2025-24.8%-27.8%-25.2%
Q4 2024-6.8%-3.5%-54.9%
Q3 2024-3.9%-2.5%-2.8%
Q2 2024-1.0%-7.0%-6.3%
Q1 2024+0.3%-2.5%-14.1%
Q4 2023-5.8%-3.1%-15.4%
Q3 2023-2.5%-11.5%+93.1%
Q2 2023+2.1%+6.8%+12.8%
Q1 2023+4.9%+3.0%-1.2%
Q4 2022-7.0%-10.8%-23.0%
Q3 2022-4.0%+17.9%-12.5%
Q2 2022+3.8%+4.5%-19.3%
Q1 2022-16.4%-22.6%-19.0%
Q4 2021-2.6%-4.4%-5.4%
Q3 2021+4.9%+1.2%-18.8%
Q2 2021-4.3%-8.9%-13.4%
Q1 2021-4.0%-9.1%-1.7%
Q4 2020-1.0%-8.0%-15.6%
Q3 2020-3.6%+4.3%+18.6%
Q2 2020-5.0%-11.1%-23.0%
Q1 2020-0.9%-6.0%-17.7%
Q4 2019-3.2%-1.8%+14.2%
Q3 2019+3.3%+17.6%+79.4%
Q2 2019-4.6%-0.2%-1.5%
Q1 2019+11.8%+11.1%+0.8%
Q4 2018-3.0%-6.9%+42.9%
Q3 2018-0.1%+7.3%-13.6%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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