NASDAQ$AYTU

Aytu BioScience Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a 62% increase in quarterly net revenue to $21.9 million.

Aytu BioPharma reported strong Q1 2022 financial results, with net revenues increasing by 62% to $21.9 million compared to the same quarter last year. The company's prescription and consumer health product revenues grew organically, and its late-stage development pipeline advanced toward key milestones. The company ended the quarter with $40.6 million in cash, cash equivalents and restricted cash.

  • Net revenue increased 62% year-over-year to $21.9 million.
  • Consumer health division revenue grew over 3% year-over-year to $8.0 million.
  • Prescription division revenue grew over 140% year-over-year to $13.9 million.
  • Gross profit increased to $12.5 million, the highest quarterly gross profit.

Headline financials

Total Revenue

$21.9M

Previous: $13.5M+62.0%
EPS (adj)

-$6.60

Previous: -$8.00+17.5%
Free Cash Flow

-$27.9M

Previous: -$4.31M-546.8%
Net Income

-$27.9M

Previous: -$4.31M-546.8%
Operating Income

-$27.7M

Previous: -$3.56M-678.8%
Gross Profit

$12.5M

Previous: $9.7M+28.4%
Cash & Equivalents

$40.3M

Previous: $37.9M+6.3%
Total Assets

$228M

Previous: $141M+61.2%
Stock-Based Comp

$1.52M

Previous: $455K+233.8%

Revenue & EPS history

Aytu BioScience · Revenue · Quarterly

$21.9M

Q1 2022+62%vs Q1 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Aytu BioScience · $210K total across 1 segment · Q4 2023

  • Other
    $210K-42.6%

Forward guidance

Aytu BioPharma is pursuing Orphan Drug Designation from the FDA and the European Medicines Agency (EMA) for AR101, with the goal of receiving ODD in the first half of calendar year 2022. The company plans to launch a single pivotal trial, the PREVEnt Trial, of AR101 in patients with VEDS in the first half of calendar 2022. The company is on track to initiate a study evaluating Healight for the treatment of patients with SARS-CoV-2 in 2021.

Tailwinds

  • Pursuing Orphan Drug Designation from the FDA and EMA for AR101, with the goal of receiving ODD in the first half of calendar year 2022.
  • Planning to launch a single pivotal trial, the PREVEnt Trial, of AR101 in patients with VEDS in the first half of calendar 2022.
  • Patient enrollment for this randomized, placebo-controlled study is 260, randomized 1:1.
  • The primary endpoint of this trial is reduction in fatal or non-fatal arterial events, such as ruptures, dissections, and pseudo-aneurisms.
  • Expecting to fully enroll the study by early calendar year 2023.

Headwinds

  • Study evaluating Healight for the treatment of patients with SARS-CoV-2 in 2021 may face delays.
  • The primary endpoint of this study is change in viral load in endotracheal tube aspirates between day zero and the last day of treatment between treated and untreated subjects.
  • Top-line data is expected to be reported in the first half of 2022.
  • AR101 clinical development and commercialization plans are subject to risks and uncertainties.
  • Potential adverse changes to the company’s financial position or business.

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 Q1 2022

Historical avgQ1 2022

-1.0%

Avg return

Earnings day

-4.9%

Avg return

5 days after

-7.0%

Avg return

30 days after

19%

12 / 64 earnings

Positive

+91.7%

Q3 2025

Best reaction

-31.0%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.4%-9.7%-4.9%
Q2 2026-3.3%-11.8%-4.4%
Q1 2026-13.1%-2.9%+11.7%
Q4 2025-20.1%-31.9%-9.6%
Q3 2025+91.7%+50.4%+44.4%
Q2 2025-0.7%+0.7%-13.7%
Q1 2025-10.9%-8.0%-17.2%
Q4 2024-2.9%-3.3%-11.1%
Q3 2024-10.8%-7.2%-14.2%
Q2 2024+4.3%+6.0%-4.0%
Q1 2024-14.2%-14.2%+6.7%
Q4 2023+61.8%+76.4%+60.6%
Q3 2023-12.8%-16.6%-24.2%
Q2 2023-5.1%-9.9%-29.8%
Q1 2023+5.3%+21.1%+10.5%
Q4 2022+0.0%+0.0%-10.5%
Q3 2022+5.8%+7.7%-5.8%
Q2 2022+5.6%+4.8%-13.5%
Q1 2022-10.5%-18.2%-36.0%
Q4 2021-3.7%-0.7%-19.9%
Q3 2021+0.7%+5.0%-5.9%
Q2 2021-5.3%-9.0%-5.1%
Q1 2021-4.9%-8.8%-38.4%
Q4 2020-14.1%-16.3%-23.0%
Q3 2020-7.7%-13.0%-13.0%
Q2 2020+2.6%+2.6%+49.4%
Q1 2020-21.7%-28.3%-14.2%
Q4 2019-10.9%-16.7%-18.8%
Q3 2019-6.7%-14.8%-21.1%
Q2 2019-22.0%-21.2%+6.8%
Q1 2019-22.0%-21.2%+6.8%
Q4 2018-2.8%-13.0%-10.2%
Q3 2018+24.2%+12.1%+21.2%
Q2 2018-31.0%-54.5%-86.6%
Q1 2018-14.8%-22.6%-29.0%
Q4 2017-3.0%+3.8%+7.8%
Q3 2017-4.0%-9.3%-6.7%
Q2 2017-4.9%-9.8%-16.7%
Q1 2017+11.6%+5.4%+16.1%
Q4 2016+5.3%+2.7%-13.1%
Q3 2016-3.1%
Q2 2016+7.7%
Q1 2016+0.0%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014+0.0%
Q3 2014+0.0%
Q2 2014+0.0%
Q1 2014+0.0%
Q4 2013+0.0%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+0.0%
Q1 2012+0.0%
Q4 2011+0.0%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+0.0%
Q4 2010+0.0%

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