NASDAQ$BTAI

Bioxcel Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

BioXcel Therapeutics reported financial results for Q3 2022 and provided an update on key strategic initiatives.

BioXcel Therapeutics reported net revenue of $137,000 for the third quarter of 2022. The company's net loss was $41.8 million, and cash and cash equivalents totaled approximately $232.3 million as of September 30, 2022.

  • IGALMI well-positioned for growth in 2023 based on increasing market access, efficient targeting, favorable market drivers, and sales force expansion in all major U.S. geographies
  • Top-line pivotal data for TRANQUILITY II trial investigating BXCL501 for Alzheimer’s-related agitation expected in 1H 2023
  • Top-line pivotal data for SERENITY III trial investigating at-home use of BXCL501 for acute treatment of bipolar and schizophrenia-related agitation expected in 1H 2023
  • Completed multiple, seven-day daily dosing regimen cohorts in ongoing Phase 1 dose-selection trial in healthy volunteers to assess Major Depressive Disorder (MDD) program for at-home use; top-line results expected in 1H 2023

Headline financials

Total Revenue

$137K

Previous: $0.00
EPS (adj)

-$1.49

Previous: -$0.96-55.2%
Capital Expenditures

-$139K

Previous: $17K-917.6%
Free Cash Flow

-$41.9M

Previous: -$20.2M-107.5%
Net Income

-$41.8M

Previous: -$26.8M-56.0%
Operating Income

-$39M

Previous: -$26.8M-45.4%
Gross Profit

$126K

No prior period
Cash & Equivalents

$232M

Previous: $253M-8.1%
Total Assets

$245M

Previous: $261M-6.3%
Stock-Based Comp

$4.48M

Previous: $4.89M-8.2%

Revenue & EPS history

Bioxcel Therapeutics · Revenue · Quarterly

$137K

Q3 2022
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

Bioxcel Therapeutics · $137K total across 1 segment · Q3 2022

  • IGALMI
    $137K

Forward guidance

BioXcel Therapeutics is anticipating pivotal trial data readouts investigating BXCL501 for the treatment of Alzheimer’s-related agitation, and bipolar and schizophrenia-related agitation in an at-home setting.

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 Q3 2022

Historical avgQ3 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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