NASDAQ$BBIO

Bridgebio Pharma Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

BridgeBio reported fourth quarter and full year 2019 financial results, highlighting pipeline progress and expansion.

BridgeBio Pharma reported its Q4 and full year 2019 financial results, showcasing pipeline expansion with the addition of five new drug development programs. The company ended the quarter with $577.1 million in cash, cash equivalents, and marketable securities.

  • Achieved multiple clinical and pre-clinical milestones across BridgeBio’s pipeline.
  • Expanded pipeline with five new drug development and discovery programs, bringing the total to over 20 potential medicines.
  • Initiated a rolling submission of an NDA with the United States FDA for Fosdenopterin for the treatment of patients with molybdenum cofactor deficiency (MoCD) type A.
  • Ended the quarter with $577.1 million in cash, cash equivalents and marketable securities.

Headline financials

Total Revenue

$13.8M

No prior period
EPS (adj)

-$0.62

Previous: -$0.42-48.1%
Cash & Equivalents

$577M

No prior period

Revenue & EPS history

Bridgebio · Revenue · Quarterly

$13.8M

Q4 2019
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Bridgebio · $13.8M total across 1 segment · Q4 2019

  • License and Services Revenue
    $13.8M

Forward guidance

BridgeBio anticipates several milestones in 2020, including disclosing new product candidates, filing multiple INDs, sharing topline data from the BBP-589 Phase 1/2 study, and completing enrollment in the Phase 3 study of BBP-265 in ATTR-CM.

Tailwinds

  • Anticipate disclosing additional new product candidates and filing multiple new INDs in 2020
  • Plan to share topline data from the ongoing Phase 1/2 study (NCT03752905) in 2020 for BBP-589.
  • Anticipate dosing of first child in Phase 2 dose-ranging study (PROPEL2) in the coming months for Low-dose infigratinib.
  • On track to complete enrollment in the Phase 3 study of AG10 in ATTR-CM in 2H20 (ATTRibute-CM).
  • A Phase 3 study of AG10 in ATTR-PN (ATTRibute-PN) is on track to begin in 1H20.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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