NASDAQ$DCTH

Delcath Systems Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Delcath reported mixed Q4 2020 results with a decrease in product revenue but progress in clinical trials and strategic initiatives.

Delcath Systems, Inc. reported a decrease in product revenue for Q4 2020, with $379 thousand compared to $398 thousand in the prior year period. Despite the revenue decrease, the company highlighted positive preliminary results from the FOCUS Clinical Trial and strengthened its executive team. The company experienced a net loss of $7.0 million, compared to a net income of $12.5 million for the same period in 2019.

  • Delcath reported positive preliminary results from the FOCUS Clinical Trial for Hepatic Dominant Ocular Melanoma.
  • The company initiated a consulting engagement to select a portfolio of follow-on indications for the HEPZATO Kit and CHEMOSAT platform.
  • Delcath completed an underwritten public offering of common stock, yielding $22.2 million in gross proceeds.
  • Gerard Michel was appointed as Chief Executive Officer, and Kevin Muir as Vice President of Commercial Operations.

Headline financials

Total Revenue

$507K

Previous: $573K-11.5%
EPS (adj)

-$0.60

Previous: -$0.04-1400.0%
Capital Expenditures

$74K

Previous: $22K+236.4%
Free Cash Flow

-$4.67M

Previous: -$5.39M+13.3%
Net Income

-$7M

Previous: $12.5M-156.0%
Operating Income

-$7.3M

Previous: -$4.54M-60.9%
Gross Profit

$301K

Previous: $238K+26.5%
Cash & Equivalents

$28.6M

Previous: $10M+185.7%
Total Assets

$34.6M

Previous: $14.2M+143.7%

Revenue & EPS history

Delcath · Revenue · Quarterly

$507K

Q4 2020-11.5%vs Q4 2019
Beat estimate in 1 of 7 quarters(14%)
ActualEstimate

Forward guidance

Delcath anticipates continued progress in 2021, preparing to file an NDA in early 2022 and expand the development of HEPZATO into additional areas of high unmet need.

Tailwinds

  • Preparing to file an NDA in early 2022
  • Expanding the development of HEPZATO into additional areas of high unmet need
  • Attracting new investors
  • Strengthening the management team
  • Suggesting a significant improvement in the benefit risk ratio versus an earlier generation of Delcath’s proprietary percutaneous hepatic perfusion system

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 Q4 2020

Historical avgQ4 2020

-2.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+7.7%

Avg return

30 days after

28%

9 / 32 earnings

Positive

+37.5%

Q2 2019

Best reaction

-26.4%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+0.6%-5.3%
Q4 2025-11.7%-15.8%-12.1%
Q3 2025-4.7%-9.2%+5.3%
Q1 2025+23.6%+31.7%+41.1%
Q4 2024-1.6%-12.1%-18.0%
Q3 2024-9.0%-14.0%+8.5%
Q2 2024-2.6%-4.2%+33.7%
Q1 2024+33.1%+40.2%+37.4%
Q4 2023+9.2%+2.4%+12.9%
Q3 2023-23.7%-16.9%+10.0%
Q2 2023-20.6%-23.3%+18.2%
Q1 2023+0.2%+7.8%+14.9%
Q4 2022+22.3%+18.8%+17.6%
Q3 2022-6.7%+0.0%+11.3%
Q2 2022-2.3%+10.2%-5.4%
Q1 2022-11.9%-16.7%-28.1%
Q4 2021+1.3%+2.8%+0.0%
Q3 2021-1.8%-5.0%-28.1%
Q2 2021-11.8%-13.5%+1.1%
Q1 2021-7.0%-0.6%+9.8%
Q4 2020-24.8%-7.2%-31.8%
Q3 2020+0.6%+3.6%+36.7%
Q2 2020-2.6%-4.6%-9.3%
Q1 2020-5.2%-5.2%+0.5%
Q4 2019+0.0%+13.8%+55.7%
Q3 2019-4.3%-4.3%-15.2%
Q2 2019+37.5%+27.5%+26.2%
Q1 2019-11.2%+0.0%+22.5%
Q4 2018-6.5%-8.9%-35.5%
Q3 2018-26.4%-0.3%-5.6%
Q2 2018+0.0%+19.0%+78.8%
Q1 2018+2.4%+0.3%-0.6%
Q4 2017
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Q4 2015
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Q4 2012
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Q4 2011
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Q4 2010
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