NASDAQ$IMVT

Immunovant Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported corporate updates and financial results for the fiscal fourth quarter and fiscal year ended March 31, 2023.

Immunovant reported a net loss of $59.4 million for the quarter ended March 31, 2023, with cash and cash equivalents totaling $376.5 million, expected to fund operations into the second half of calendar year 2025. Significant progress was made with IMVT-1402, including FDA clearance and initiation of a Phase 1 clinical trial.

  • IND application and CTA for IMVT-1402 cleared by the FDA and MEDSAFE, respectively.
  • Phase 1 clinical trial in healthy subjects initiated in New Zealand.
  • Phase 2 proof-of-concept clinical trial of batoclimab in Graves’ disease (GD) initiated in Germany.
  • Global clinical trials of batoclimab are ongoing in myasthenia gravis (MG), thyroid eye disease (TED), and chronic inflammatory demyelinating polyneuropathy (CIDP).

Headline financials

EPS (adj)

-$0.46

Previous: -$0.41-12.2%
Capital Expenditures

$26K

Previous: $118K-78.0%
Free Cash Flow

-$55.8M

Previous: -$33.1M-68.8%
Net Income

-$59.4M

Previous: -$47.2M-26.0%
Operating Income

-$64.3M

Previous: -$47.2M-36.1%
Cash & Equivalents

$377M

Previous: $494M-23.8%
Total Assets

$406M

Previous: $516M-21.3%
Stock-Based Comp

$7.55M

Previous: $11.9M-36.4%

Revenue & EPS history

Immunovant · Revenue · Quarterly

$0

Q4 2027
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

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

+0.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+3.3%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+35.1%

Q4 2027

Best reaction

-34.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2027+35.1%+29.9%+34.5%
Q3 2026+12.4%+7.8%+10.8%
Q2 2026+0.0%+1.7%+0.9%
Q1 2026-4.5%-1.6%+4.8%
Q4 2025-0.2%+3.0%+8.1%
Q3 2025-9.6%-14.1%-11.1%
Q2 2025-2.5%-6.8%-8.9%
Q1 2025+1.0%+9.4%+25.9%
Q4 2024-7.1%-11.3%-7.1%
Q3 2024+4.0%+4.6%-10.4%
Q2 2024-2.3%+4.7%+17.4%
Q1 2024+7.4%-1.9%+11.5%
Q4 2023+4.9%-0.8%-5.1%
Q3 2023+0.7%+2.0%-6.9%
Q2 2023+6.3%-2.1%+23.2%
Q1 2023+19.4%+24.7%+23.7%
Q4 2022-12.6%-20.4%+0.2%
Q3 2022-2.7%-2.5%-8.8%
Q2 2022+1.1%-0.3%-12.8%
Q1 2022+4.4%+1.7%+15.5%
Q4 2021-34.6%-34.5%-25.0%
Q3 2021-13.6%-18.6%-25.0%
Q2 2021+3.1%+7.3%-4.0%
Q1 2021+3.7%+2.3%+40.2%
Q4 2020-11.0%-13.5%-14.2%
Q3 2020+12.5%+13.2%+1.3%
Q2 2020+0.1%+0.1%+13.9%
Q1 2020+0.0%+0.0%+0.6%
Q3 2019
Q2 2018
Q1 2018

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