NASDAQ$BVS

Bioventus Inc - A · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Filed for Extension to File Form 10-Q Due to Pending Impairment Charge and Rebate Claim Review

Bioventus announced it has filed a Form 12b-25 for its Q3 2022 report, requiring more time to assess a potential non-cash impairment charge between $185 million and $205 million and to resolve a revised invoice for rebate claims from a large private payer. The company's management has concluded that its internal controls related to the timely recognition of quarterly rebates were inadequate.

  • Filed Form 12b-25 for late filing of Q3 2022 report.
  • Requires additional time to assess a potential non-cash impairment charge between $185 million to $205 million.
  • Seeking resolution on a revised invoice for rebate claims from a large private payer.
  • Management concluded that internal controls related to the timely recognition of quarterly rebates were inadequate.

Headline financials

Total Revenue

$129M

Previous: $109M+18.2%
EPS (adj)

$0.06

Previous: $0.25-76.0%
Capital Expenditures

-$6.64M

Previous: -$4.57M-45.3%
Free Cash Flow

-$115M

Previous: -$5.64M-1937.3%
Net Income

-$108M

Previous: -$1.07M-10006.9%
Operating Income

-$201M

Previous: -$1.05M-19083.9%
Gross Profit

$84.5M

Previous: $79.1M+6.9%
Cash & Equivalents

$34.4M

Previous: $80.9M-57.5%
Total Assets

$1.4B

Previous: $655M+113.5%
Stock-Based Comp

$4.65M

Previous: $5.94M-21.7%

Revenue & EPS history

Bioventus · Revenue · Quarterly

$129M

Q3 2022+18.2%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+2.1%

Avg return

Earnings day

+5.6%

Avg return

5 days after

+13.1%

Avg return

30 days after

62%

13 / 21 earnings

Positive

+26.0%

Q1 2024

Best reaction

-39.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-4.6%-15.4%
Q4 2025+7.4%+4.6%+5.9%
Q3 2025+15.1%+13.6%+16.2%
Q1 2025-12.0%-5.0%-7.4%
Q4 2024+23.3%+9.7%-13.6%
Q3 2024-17.7%-13.8%-15.1%
Q2 2024+19.2%+21.2%+54.3%
Q1 2024+26.0%+35.0%+70.0%
Q4 2023-0.4%+2.6%-9.4%
Q3 2023+6.0%-2.1%+42.1%
Q2 2023+20.3%+32.9%-2.6%
Q1 2023+6.5%+58.5%+195.9%
Q4 2022-6.6%+2.5%-16.5%
Q3 2022-39.9%-42.7%-18.9%
Q2 2022+4.8%+3.9%-6.4%
Q1 2022-9.1%+4.5%+12.5%
Q4 2021+0.8%-3.0%-4.0%
Q3 2021-0.5%-4.5%-18.7%
Q2 2021+1.7%+0.3%-0.7%
Q1 2021+1.0%+3.3%+17.0%
Q4 2020-4.8%-0.4%-9.1%
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q1 2016
Q1 2015

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