NASDAQ$ARVN

Arvinas Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Arvinas reported financial results for the fourth quarter and full year ended December 31, 2021, and provided a corporate update.

Arvinas reported a net loss of $53.0 million for the quarter ended December 31, 2021, compared to a net loss of $41.5 million for the same period in 2020. Revenue for the quarter was $26.3 million, primarily driven by the ARV-471 Collaboration Agreement with Pfizer.

  • Presented ARV-471 Phase 1 dose escalation trial data at the San Antonio Breast Cancer Symposium, demonstrating an encouraging clinical benefit rate (CBR) in patients with locally advanced or metastatic ER+/HER2- breast cancer.
  • ARV-471 demonstrated antitumor activity in patients previously treated with cyclin-dependent kinase (CDK) 4/6 inhibitors, with a CBR of 40% in 47 evaluable patients.
  • Presented completed Phase 1 dose escalation and ongoing Phase 2 ARDENT expansion cohort data from bavdegalutamide in metastatic castration-resistant prostate cancer (mCRPC) at the American Society of Clinical Oncology Genitourinary Cancers Symposium (ASCO GU).
  • Initiate two Phase 3 trials in patients with metastatic breast cancer (as monotherapy and in combination).

Headline financials

Total Revenue

$26.3M

Previous: $2.22M+1085.8%
EPS (adj)

-$1.00

Previous: -$0.99-1.0%
Capital Expenditures

$1.89M

Previous: $1.85M+2.2%
Free Cash Flow

-$37.6M

Previous: -$30.9M-21.9%
Net Income

-$53M

Previous: -$41.5M-27.6%
Operating Income

-$54.4M

Previous: -$43.2M-25.9%
Gross Profit

$25.6M

Previous: $2.22M+1055.8%
Cash & Equivalents

$108M

Previous: $588M-81.6%
Total Assets

$1.58B

Previous: $717M+120.5%
Stock-Based Comp

$17M

Previous: $8.11M+109.4%

Revenue & EPS history

Arvinas · Revenue · Quarterly

$26.3M

Q4 2021+1,085.8%vs Q4 2020
Beat estimate in 8 of 15 quarters(53%)
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 in 2022, including presenting data from ARV-471 and ARV-766 trials, initiating Phase 3 trials for ARV-471, and discussing the potential accelerated approval path for bavdegalutamide with the FDA.

Tailwinds

  • Present data from the VERITAC Phase 2 expansion trial (200 mg and 500 mg) (2H 2022)
  • Present safety data from the Phase 1b combination trial with palbociclib (2H 2022)
  • Initiate two Phase 3 trials in patients with metastatic breast cancer (as monotherapy and in combination)
  • Initiate a Phase 1b combination trial with CDK inhibitors or other targeted therapies
  • Initiate a Phase 1b combination trial with everolimus

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 2021

Historical avgQ4 2021

-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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