NASDAQ$BTAI

Bioxcel Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported first quarter 2024 financial results and advanced TRANQUILITY and SERENITY program plans.

BioXcel Therapeutics reported its Q1 2024 financial results, highlighting a 182% increase in IGALMI net revenue compared to the same period last year, driven by increasing demand and new customer orders. The company is advancing its TRANQUILITY and SERENITY programs and strengthened its balance sheet with a $25 million registered direct offering.

  • Advanced TRANQUILITY and SERENITY program plans for two pivotal Phase 3 trials to expand BXCL501 market potential in acute treatment of agitation.
  • Strengthened intellectual property portfolio for BXCL501 with grant of two new patents, in Japan and the U.S.
  • Completed $25 million registered direct offering.
  • IGALMI net revenue increased 182% compared to Q1 2023.

Headline financials

Total Revenue

$582K

Previous: $206K+182.5%
EPS (adj)

-$0.87

Previous: -$1.84+52.7%
Capital Expenditures

$0.00

Previous: -$120K+100.0%
Free Cash Flow

-$26.8M

Previous: -$52.9M+49.4%
Net Income

-$26.8M

Previous: -$52.8M+49.3%
Operating Income

-$24.2M

Previous: -$51.2M+52.8%
Gross Profit

$502K

Previous: $197K+154.8%
Cash & Equivalents

$74.1M

Previous: $166M-55.2%
Total Assets

$82.3M

Previous: $180M-54.3%
R&D Expense

$11.1M

No prior period
Stock-Based Comp

$3.43M

Previous: $4.88M-29.6%

Revenue & EPS history

Bioxcel Therapeutics · Revenue · Quarterly

$582K

Q1 2024+182.5%vs Q1 2023
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

BioXcel Therapeutics is focused on advancing and expanding its agitation portfolio, with plans for Phase 3 registrational programs for BXCL501 and expansion into the at-home setting and Alzheimer’s-related agitation.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-3.1%

Avg return

Earnings day

-5.6%

Avg return

5 days after

-10.0%

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
Q1 2026-5.8%-9.9%
Q4 2025-5.6%-10.9%-22.6%
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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro