NASDAQ$BCRX

BioCryst Pharmaceuticals Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

BioCryst's financial performance reflected increased R&D and SG&A expenses, driven by investment in key programs and the U.S. launch of ORLADEYO, while revenues decreased due to the absence of RAPIVAB sales and a milestone payment recognized in the previous year.

BioCryst Pharmaceuticals reported Q4 2020 financial results, featuring a revenue of $4.0 million, a net loss of $60.5 million, and increased R&D and SG&A expenses. The company highlighted the approvals of ORLADEYO in the U.S. and Japan, advancements in the BCX9930 program, and a strong cash position of $302.6 million.

  • ORLADEYO approved in the U.S. and Japan, with EU approval expected in Q2.
  • Dose-ranging trial of BCX9930 fully enrolled with data presentation planned for March 22.
  • Company secured $325 million in financing during Q4 2020, bolstering year-end cash reserves to $303 million.
  • Total revenues were $4.0 million, compared to $39.7 million in the fourth quarter of 2019.

Headline financials

Total Revenue

$4.02M

Previous: $39.7M-89.9%
EPS (adj)

-$0.34

Previous: -$0.02-1600.0%
R&D Expenses

$35.4M

Previous: $26.8M+32.1%
SG&A Expenses

$21M

Previous: $10.5M+100.0%
Interest Expense

$5.6M

Previous: $3.1M+80.6%
Net Income

-$60.5M

Previous: -$2.6M-2226.9%
Operating Income

-$52.4M

No prior period
Gross Profit

$3.94M

No prior period
Cash & Equivalents

$303M

Previous: $138M+119.6%
Total Assets

$335M

No prior period
Stock-Based Comp

$5.89M

No prior period

Revenue & EPS history

BioCryst · Revenue · Quarterly

$4.02M

Q4 2020-89.9%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

BioCryst did not provide specific revenue or operating expense guidance for 2021. The company believes its current cash runway takes them into 2023 based on expectations for revenue, operating expenses, and the option to access an additional $75 million from its existing credit facility.

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 2020

Historical avgQ4 2020

-0.3%

Avg return

Earnings day

+3.1%

Avg return

5 days after

+5.6%

Avg return

30 days after

41%

26 / 64 earnings

Positive

+26.0%

Q2 2022

Best reaction

-38.0%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-5.0%-7.0%
Q4 2025+4.8%+15.1%+23.6%
Q3 2025-5.4%-3.1%+7.2%
Q1 2025+23.7%+11.6%+23.6%
Q4 2024-10.0%-6.5%-15.3%
Q3 2024-16.3%-7.7%-13.0%
Q2 2024+12.1%+8.7%+17.9%
Q1 2024+18.2%+19.6%+52.6%
Q4 2023+2.8%-1.6%-9.8%
Q3 2023+5.4%+5.9%+7.3%
Q2 2023+9.4%+1.0%+4.7%
Q1 2023+14.9%+15.2%+13.3%
Q4 2022-4.2%-10.8%-20.4%
Q3 2022-10.0%-6.8%-2.9%
Q2 2022+26.0%+29.6%+26.2%
Q1 2022-10.7%-15.5%+2.7%
Q4 2021-6.0%-6.4%-9.9%
Q3 2021-23.3%-19.3%-24.4%
Q2 2021+8.3%-6.5%-3.7%
Q1 2021+22.8%+13.7%+52.5%
Q4 2020-8.7%-0.6%-12.4%
Q3 2020-4.4%-4.4%+42.9%
Q2 2020-5.7%-5.9%-13.1%
Q1 2020-0.8%+40.3%+5.6%
Q4 2019+17.1%-19.9%-44.4%
Q3 2019+1.5%-5.9%+31.5%
Q2 2019-2.1%-0.4%+10.6%
Q1 2019+1.7%-1.0%-54.0%
Q4 2018-3.0%-7.5%+0.2%
Q3 2018+0.8%-2.9%+12.9%
Q2 2018+9.2%+24.8%+31.1%
Q1 2018-4.1%-1.1%+10.4%
Q4 2017-1.6%-0.4%-5.5%
Q3 2017-3.1%-0.6%-5.8%
Q2 2017-12.0%-11.2%-2.7%
Q1 2017-12.4%-13.4%-14.7%
Q4 2016+13.7%+39.9%+54.6%
Q3 2016+19.4%+36.6%+40.9%
Q2 2016+2.7%+22.8%+4.2%
Q1 2016-5.3%
Q4 2015-12.0%
Q3 2015-7.6%
Q2 2015-14.1%
Q1 2015+9.2%
Q4 2014-0.1%
Q3 2014+8.1%
Q2 2014-1.4%
Q1 2014+4.6%
Q4 2013-6.0%
Q3 2013+13.2%
Q2 2013-9.1%
Q1 2013-2.7%
Q4 2012-1.6%
Q3 2012-38.0%
Q2 2012-1.2%
Q1 2012-0.5%
Q4 2011+0.2%
Q3 2011-2.0%
Q2 2011-18.0%
Q1 2011+3.0%
Q4 2010-2.6%
Q3 2010-3.2%
Q2 2010-5.1%
Q1 2010+2.1%

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