NASDAQ$ARVN

Arvinas Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported second quarter financial results and provided a corporate update.

Arvinas reported financial results for the second quarter ended June 30, 2022. The company is on track to initiate two pivotal programs with ARV-471 in metastatic breast cancer in the second half of this year and has a clear development pathway for bavdegalutamide in molecularly defined metastatic castration-resistant prostate cancer. The company is preparing to initiate its Phase 2 trial with ARV-766 by end of year.

  • Met with the FDA to discuss the potential for an accelerated approach for bavdegalutamide based on a single arm Phase 2 trial and a confirmatory Phase 3 trial for full approval.
  • Believes a randomized, pivotal Phase 3 trial provides the best opportunity to enable simultaneous global regulatory submissions for bavdegalutamide.
  • Finalized an agreement with Foundation Medicine to develop the FoundationOne®Liquid CDx as a companion diagnostic for use with bavdegalutamide.
  • Appointed John Northcott to newly created position of Chief Commercial Officer, effective August 1, 2022.

Headline financials

Total Revenue

$31.3M

Previous: $5.54M+464.5%
EPS (adj)

-$1.32

Previous: -$1.03-28.2%
Capital Expenditures

-$3.5M

Previous: -$1.46M-140.2%
Free Cash Flow

-$73.5M

Previous: -$51.7M-42.0%
Net Income

-$70M

Previous: -$50.3M-39.2%
Operating Income

-$68.3M

Previous: -$51.9M-31.7%
Gross Profit

$31.3M

Previous: $5.54M+464.5%
Cash & Equivalents

$93.2M

Previous: $48.7M+91.3%
Total Assets

$1.41B

Previous: $644M+118.5%
Stock-Based Comp

$20M

Previous: $14.6M+37.0%

Revenue & EPS history

Arvinas · Revenue · Quarterly

$31.3M

Q2 2022+464.5%vs Q2 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

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

  • Collaboration Revenue
    $30.3M+225.8%

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 2022

Historical avgQ2 2022

-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

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