NASDAQ$ARVN

Arvinas Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Arvinas' financial results for Q2 2021 were reported, and a corporate update was provided.

Arvinas reported a net loss of $50.3 million for the second quarter of 2021, compared to a net loss of $25.2 million for the same period in 2020. Revenue was $5.5 million, slightly less than the $5.7 million reported in the second quarter of 2020. The company's cash, cash equivalents, and marketable securities totaled $605.1 million as of June 30, 2021.

  • Arvinas announced a global collaboration with Pfizer to co-develop and co-commercialize ARV-471.
  • The first-in-human study of ARV-766 was initiated.
  • Dose escalation was completed in the Phase 1 study of ARV-471.
  • Dose escalation was completed in the Phase 1 study of ARV-110.

Headline financials

Total Revenue

$5.54M

Previous: $5.75M-3.5%
EPS (adj)

-$1.03

Previous: -$0.65-58.5%
R&D Expenses

$43M

No prior period
G&A Expenses

$14.4M

No prior period
Capital Expenditures

-$1.46M

Previous: -$3.19M+54.3%
Free Cash Flow

-$51.7M

Previous: -$28.4M-82.1%
Net Income

-$50.3M

Previous: -$25.2M-99.3%
Operating Income

-$51.9M

Previous: -$26.5M-95.9%
Gross Profit

$5.54M

Previous: $5.75M-3.5%
Cash & Equivalents

$48.7M

Previous: $21.6M+125.7%
Total Assets

$644M

Previous: $263M+145.3%
Stock-Based Comp

$14.6M

No prior period

Revenue & EPS history

Arvinas · Revenue · Quarterly

$5.54M

Q2 2021-3.5%vs Q2 2020
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Arvinas · $30.3M total across 1 segment · Q3 2022

  • Collaboration Revenue
    $30.3M+225.8%

Forward guidance

Arvinas anticipates several milestones and expectations for ARV-471 and ARV-110 in the second half of 2021.

Tailwinds

  • Presentation of Phase 1 dose escalation trial data for ARV-471 at the San Antonio Breast Cancer Symposium in December 2021.
  • Initiation of a neoadjuvant study in early breast cancer for ARV-471 in 2H21.
  • Initiation of a combination trial of ARV-471 and everolimus in 2L/3L metastatic breast cancer in 2H21.
  • Presentation of completed Phase 1 dose escalation data for ARV-110 in 2H21.
  • Presentation of interim data from the ARDENT Phase 2 dose expansion at 420 mg for ARV-110 in 2H21.

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 2021

Historical avgQ2 2021

-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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