NASDAQ$ARVN

Arvinas Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2020 and provided a corporate update.

Arvinas reported its Q2 2020 financial results, highlighted by revenue of $5.7 million and a net loss of $25.2 million. The company's cash, cash equivalents, and marketable securities totaled $242.7 million as of June 30, 2020, expected to fund operations into 2022.

  • Presented early efficacy and updated safety data for ARV-110 at ASCO 2020, showing an acceptable safety profile and early signs of clinical efficacy in a heavily pretreated patient population.
  • Enhanced the Board of Directors with the appointments of Linda Bain and Wendy Dixon, Ph.D.
  • Expects to provide an update from its Phase 1/2 trial for ARV-110 in the fourth quarter of 2020.
  • Expects to share Phase 1 dose escalation clinical data for ARV-471 in the fourth quarter of 2020.

Headline financials

Total Revenue

$5.75M

Previous: $4.02M+43.1%
EPS (adj)

-$0.65

Previous: -$0.55-18.2%
Capital Expenditures

-$3.19M

Previous: -$3.27M+2.5%
Free Cash Flow

-$28.4M

Previous: -$20.4M-39.1%
Net Income

-$25.2M

Previous: -$17.2M-47.0%
Operating Income

-$26.5M

Previous: -$18.4M-43.7%
Gross Profit

$5.75M

Previous: $4.02M+43.1%
Cash & Equivalents

$21.6M

Previous: $11.3M+90.4%
Total Assets

$263M

Previous: $172M+52.6%

Revenue & EPS history

Arvinas · Revenue · Quarterly

$5.75M

Q2 2020+43.1%vs Q2 2019
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Arvinas · $5.75M total across 1 segment · Q2 2020

  • Collaboration Revenue
    $5.75M

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 Q2 2020

Historical avgQ2 2020

-2.4%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-0.6%

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%
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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