NASDAQ$BBIO

Bridgebio Pharma Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

BridgeBio reported financial results for Q4 and full year 2022 and provided a business update.

BridgeBio Pharma reported its Q4 and full year 2022 financial results. The company ended the quarter with $466.2 million in cash, cash equivalents, marketable securities, and restricted cash, providing runway into 2024. Key programs like Acoramidis, low-dose infigratinib and Encaleret continue to progress through clinical trials.

  • Phase 3 ATTRibute-CM trial of acoramidis continues with topline data expected in mid-2023.
  • Phase 2 PROPEL 2 trial of low-dose infigratinib progresses with Cohort 5 data expected in March 2023.
  • Phase 3 CALIBRATE trial of encaleret initiated with topline data expected in late 2023 or the first half of 2024.
  • Ended quarter with $466.2 million in cash, cash equivalents, marketable securities, and restricted cash (current), providing runway into 2024.

Headline financials

Total Revenue

$1.87M

Previous: $12.9M-85.5%
EPS (adj)

-$0.92

Previous: -$1.01+8.9%
Capital Expenditures

$801K

Previous: $2.54M-68.4%
Free Cash Flow

-$94M

Previous: -$136M+31.1%
Net Income

-$141M

Previous: -$152M+7.7%
Operating Income

-$129M

Previous: -$166M+22.0%
Gross Profit

$1.22M

Previous: $11.3M-89.2%
Cash & Equivalents

$428M

Previous: $788M-45.6%
Total Assets

$623M

Previous: $1.01B-38.5%
Stock-Based Comp

$21.8M

Previous: $19.8M+10.2%

Revenue & EPS history

Bridgebio · Revenue · Quarterly

$1.87M

Q4 2022-85.5%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Bridgebio · $100K total across 1 segment · Q2 2023

  • License and Services Revenue
    $100K

Forward guidance

BridgeBio anticipates important upcoming readouts from its achondroplasia Phase 2 trial in March, and its ATTR-CM Phase 3 trial mid-year. The company expects to continue to allocate capital carefully to preserve runway and optionality and will continue to look for ways to extend runway by considering potential royalty monetizations and partnerships.

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 2022

Historical avgQ4 2022

+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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