NASDAQ$BBIO
Bridgebio Pharma Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported financial results for the second quarter and provided a business update.
BridgeBio Pharma reported its Q2 2024 financial results, highlighting progress in preparing for the commercial launch of acoramidis and advancing its Phase 3 clinical programs. The company ended the quarter with $587 million in cash, cash equivalents, marketable securities and short-term restricted cash.
- Acoramidis demonstrated a significant impact on mortality, hospitalizations, and quality of life.
- Patients taking acoramidis showed meaningful and sustained improvement in time to first event (CVH or ACM) starting at Month 3.
- The Company surpassed its interim analysis enrollment target for its Phase 3 FORTIFY study of BBP-418 in individuals living with limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9).
- The Company ended the quarter with $587 million in cash, cash equivalents, marketable securities and short-term restricted cash.
Headline financials
Revenue & EPS history
Bridgebio · Revenue · Quarterly
$2.17M
Revenue by segment
Bridgebio · $100K total across 1 segment · Q2 2023
- License and Services Revenue$100K—100.0%
Forward guidance
BridgeBio is focused on advancing its pipeline and preparing for the potential commercial launch of acoramidis, with key milestones expected in the near term.
Tailwinds
- Acoramidis NDA filed with FDA with a PDUFA date of November 29, 2024.
- Enrollment completion expected in 2024 for Encaleret Phase 3 study (CALIBRATE).
- Enrollment completion expected in 2024 for BBP-418 Phase 3 study (FORTIFY).
- Enrollment completion expected in 2024 for Low-dose infigratinib Phase 3 study (PROPEL 3).
- Program update expected in August 2024 for BBP-631 Phase 2 study.
Headwinds
- Clinical trials are subject to risks and uncertainties.
- Regulatory approvals are not guaranteed.
- Macroeconomic and geopolitical events could impact business operations.
- Initial data from studies may not be indicative of final data.
- Company's share price is subject to potential volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.5%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+4.3%
Avg return
30 days after
48%
13 / 27 earnings
Positive
+40.9%
Q2 2022
Best reaction
-21.9%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -3.2% | -0.7% | |
| Q4 2025 | -2.8% | -4.1% | +2.0% | |
| Q3 2025 | -4.9% | -7.9% | +8.1% | |
| Q1 2025 | +5.3% | +4.9% | -6.0% | |
| Q4 2024 | +1.4% | -5.3% | -4.2% | |
| Q3 2024 | -5.1% | -9.2% | +5.9% | |
| Q2 2024 | +0.9% | -4.2% | +7.3% | |
| Q1 2024 | +3.0% | +2.8% | +3.6% | |
| Q4 2023 | -0.5% | +4.6% | -13.4% | |
| Q3 2023 | +8.2% | +10.3% | +16.1% | |
| Q2 2023 | -2.3% | +0.8% | -4.4% | |
| Q1 2023 | -5.0% | -4.4% | -1.0% | |
| Q4 2022 | -4.7% | -6.6% | +21.8% | |
| Q3 2022 | -1.1% | -7.0% | -4.8% | |
| Q2 2022 | +40.9% | +39.7% | +26.7% | |
| Q1 2022 | -21.9% | -29.5% | -15.9% | |
| Q4 2021 | +7.6% | +13.9% | +41.1% | |
| Q3 2021 | +6.8% | +2.0% | -22.8% | |
| Q2 2021 | +2.4% | -1.1% | -2.3% | |
| Q1 2021 | -9.3% | -7.2% | +9.5% | |
| Q4 2020 | +4.9% | -1.8% | -9.8% | |
| Q3 2020 | -1.6% | +0.3% | +30.4% | |
| Q2 2020 | +1.4% | +0.2% | +16.2% | |
| Q1 2020 | -6.8% | +6.1% | -12.7% | |
| Q4 2019 | +2.2% | -9.3% | -21.3% | |
| Q3 2019 | +22.1% | +26.2% | +49.0% | |
| Q2 2019 | +0.0% | +4.8% | -3.2% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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