NASDAQ$ARVN

Arvinas Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Arvinas reported financial results and provided a corporate update.

Arvinas reported positive efficacy signals in both clinical-stage programs and closed an underwritten public offering of common stock, receiving net proceeds of $431.9 million. The company's cash, cash equivalents, and marketable securities are expected to fund operations into 2024.

  • Presented interim Phase 1 data for ARV-471 showing potential for best-in-class safety and tolerability and a robust efficacy signal in heavily pretreated patients with ER+/HER2- breast cancer.
  • Presented data from the ongoing dose escalation portion of the Phase 1/2 trial of ARV-110 in men with mCRPC, providing additional evidence of anti-tumor activity and patient benefit.
  • Closed an underwritten public offering of 6,571,428 shares of common stock at a public offering price of $70.00 per share, receiving net proceeds of $431.9 million.
  • Initiated the ARDENT Phase 2 dose expansion study of ARV-110 and the VERITAC Phase 2 dose expansion study of ARV-471.

Headline financials

Total Revenue

$2.22M

Previous: $4.89M-54.7%
EPS (adj)

-$0.99

Previous: -$0.56-76.8%
Capital Expenditures

$1.85M

Previous: $1.79M+3.7%
Free Cash Flow

-$30.9M

Previous: -$18M-71.8%
Net Income

-$41.5M

Previous: -$21M-97.8%
Operating Income

-$43.2M

Previous: -$22.8M-89.6%
Gross Profit

$2.22M

Previous: $4.89M-54.7%
Cash & Equivalents

$588M

Previous: $9.21M+6287.7%
Total Assets

$717M

Previous: $302M+137.8%
Stock-Based Comp

$8.11M

Previous: $4.98M+62.8%

Revenue & EPS history

Arvinas · Revenue · Quarterly

$2.22M

Q4 2020-54.7%vs Q4 2019
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

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

  • Collaboration Revenue
    $30.3M+225.8%

Forward guidance

Arvinas expects its cash, cash equivalents, and marketable securities will be sufficient to fund its planned operating expenses and capital expenditures into 2024.

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 Q4 2020

Historical avgQ4 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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