NASDAQ$BTAI

Bioxcel Therapeutics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

BioXcel Therapeutics reported financial results for the first quarter of 2022 and provided an update on key strategic initiatives.

BioXcel Therapeutics reported a net loss of $31.5 million for the first quarter of 2022. The company received FDA approval for IGALMI and extended its cash runway into 2025 with a $260 million strategic financing.

  • Received FDA approval of IGALMI™ (dexmedetomidine) sublingual film for acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults
  • Top-line data readout in Q4 2022/early Q1 2023 for TRANQUILITY II Phase 3 trial evaluating BXCL501 in acute treatment of agitation associated with Alzheimer’s disease
  • Extended cash runway into 2025 with $260 million strategic financing for IGALMI commercial launch and clinical and regulatory milestones
  • U.S. national salesforce deployment to commence on May 23, 2022

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$1.12

Previous: -$1.08-3.7%
Capital Expenditures

$120K

Previous: $316K-62.0%
Free Cash Flow

-$32.5M

Previous: -$20M-63.0%
Net Income

-$31.5M

Previous: -$26.4M-19.3%
Operating Income

-$31.5M

Previous: -$26.4M-19.3%
Cash & Equivalents

$200M

Previous: $194M+3.1%
Total Assets

$211M

Previous: $200M+5.3%
Stock-Based Comp

$3.83M

Previous: $5.57M-31.3%

Revenue & EPS history

Bioxcel Therapeutics · Revenue · Quarterly

$0

Q1 2022
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

Bioxcel Therapeutics · $206K total across 1 segment · Q1 2026

  • IGALMI
    $206K

Forward guidance

The press release includes forward-looking statements regarding the commercialization and medical affairs plans for IGALMI, timing and data from clinical trials for BXCL501 and BXCL701, the timing of the Company’s MAA application for BXCL501, and future financial and operational results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.1%

Avg return

Earnings day

-5.5%

Avg return

5 days after

-9.4%

Avg return

30 days after

30%

10 / 33 earnings

Positive

+38.7%

Q3 2022

Best reaction

-44.1%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-5.6%-8.7%
Q1 2026-5.8%-9.9%-5.0%
Q3 2025-16.0%-9.4%-0.5%
Q2 2025+6.5%-14.4%-47.0%
Q1 2025+0.0%-4.8%+6.8%
Q4 2024+6.0%-11.9%-14.2%
Q3 2024-8.2%-2.6%-33.4%
Q2 2024-1.0%-20.5%-35.9%
Q1 2024-1.4%+0.5%-33.3%
Q4 2023-1.0%-7.6%-3.8%
Q3 2023-20.1%-25.0%-41.2%
Q2 2023-44.1%-41.5%-54.3%
Q1 2023+17.7%+18.6%-9.6%
Q4 2022-27.2%-28.3%-39.1%
Q3 2022+38.7%+41.1%+49.2%
Q2 2022-9.7%-5.9%-9.4%
Q1 2022-10.6%-6.5%-6.7%
Q4 2021-8.3%-20.3%-9.4%
Q3 2021-2.4%-19.7%-35.5%
Q2 2021+2.2%-1.6%+19.3%
Q1 2021+8.1%+3.1%+27.2%
Q4 2020+3.8%+2.0%-20.7%
Q3 2020-4.1%-8.6%-23.8%
Q2 2020-4.7%-6.3%+0.5%
Q1 2020+0.1%+9.6%+6.7%
Q4 2019-3.9%-39.8%-35.5%
Q3 2019+12.4%+40.6%+48.3%
Q2 2019-15.1%-7.5%+2.6%
Q1 2019+12.8%+9.4%+5.3%
Q4 2018-6.6%+12.3%+23.1%
Q3 2018-7.9%-12.6%-21.8%
Q2 2018-1.8%-9.6%-8.5%
Q1 2018-4.9%+3.6%-1.9%

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