NASDAQ$BTAI

Bioxcel Therapeutics Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported financial results for Q4 2023 and provided an update on late-stage clinical programs for BXCL501.

BioXcel Therapeutics reported Q4 2023 financial results, including net revenue from IGALMI of $376,000, R&D expenses of $9.9 million, SG&A expenses of $9.6 million, and a net loss of $22.3 million. The company is focusing on advancing its TRANQUILITY and SERENITY clinical programs.

  • Net revenue from IGALMI was $376,000 for the fourth quarter of 2023, compared to $238,000 for the same period in 2022.
  • Research and Development (R&D) expenses were $9.9 million for the fourth quarter of 2023, compared to $32.5 million for the same period in 2022.
  • Selling, General and Administrative (SG&A) expenses were $9.6 million for the fourth quarter of 2023, compared to $20.7 million for the same period in 2022.
  • BioXcel Therapeutics had a net loss of $22.3 million for the fourth quarter of 2023, compared to a net loss of $54.8 million for the same period in 2022.

Headline financials

Total Revenue

$376K

Previous: $238K+58.0%
EPS (adj)

-$0.76

Previous: -$1.95+61.0%
Selling, general and administrative

$9.6M

No prior period
Research and development

$9.93M

No prior period
Net Income

-$22.3M

Previous: -$54.8M+59.3%
Operating Income

-$22.3M

Previous: -$52.9M+57.8%
Gross Profit

-$338K

Previous: $229K-247.6%
R&D Expense

$9.93M

No prior period
Stock-Based Comp

$3.6M

Previous: $4.55M-20.8%

Revenue & EPS history

Bioxcel Therapeutics · Revenue · Quarterly

$376K

Q4 2023+58%vs 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

The Company estimates that its current cash and cash equivalents will fund its operations through mid-2024.

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 Q4 2023

Historical avgQ4 2023

-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%

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