NASDAQ$BTAI

Bioxcel Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year financial results, highlighting IGALMI™ commercial execution and multiple pivotal data readouts expected in Q2 2023 for BXCL501.

BioXcel Therapeutics reported Q4 2022 financial results with a net revenue of $238,000 and a net loss of $54.8 million. The company is focused on the commercial execution of IGALMI and anticipates pivotal data readouts for BXCL501 in Q2 2023.

  • IGALMI™ commercial execution is underway in 2023, focusing on market access and demand generation.
  • Multiple pivotal data readouts for BXCL501 are expected in Q2 2023, targeting 139 million agitation episodes.
  • Positive data for BXCL701 in small cell neuroendocrine metastatic castration-resistant prostate cancer (SCNC) further validates the Company’s AI drug discovery.
  • The company is exploring strategic options for its OnkosXcel subsidiary.

Headline financials

Total Revenue

$238K

Previous: $0.00
EPS (adj)

-$1.95

Previous: -$0.93-109.7%
Free Cash Flow

-$38.6M

Previous: -$19.9M-93.7%
Net Income

-$54.8M

Previous: -$26.1M-110.0%
Operating Income

-$52.9M

Previous: -$26.1M-102.4%
Gross Profit

$229K

No prior period
Cash & Equivalents

$194M

Previous: $233M-16.9%
Total Assets

$206M

Previous: $239M-14.0%
Stock-Based Comp

$4.55M

Previous: $2.24M+103.4%

Revenue & EPS history

Bioxcel Therapeutics · Revenue · Quarterly

$238K

Q4 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

BioXcel Therapeutics anticipates key milestones including commercial execution of IGALMI, data readouts for BXCL501, and advancing BXCL701 into a Phase 2b registrational trial.

Tailwinds

  • Commercial execution of IGALMI is underway.
  • Pivotal data readouts for BXCL501 are expected in Q2 2023.
  • Advancing BXCL701 into a Phase 2b registrational trial.
  • Exploring strategic options for OnkosXcel subsidiary.
  • Strong financial foundation and late-stage programs.

Headwinds

  • Dependence on the success and commercialization of IGALMI™ and other product candidates
  • Limited experience in marketing and selling drug products
  • The risk that IGALMI or the Company’s product candidates may not be accepted by physicians or the medical community in general
  • The failure of preliminary data from its clinical studies to predict final study results
  • Failure of its early clinical studies or preclinical studies to predict future clinical studies

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 Q4 2022

Historical avgQ4 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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