NASDAQ$INVA

Innoviva Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results with royalty revenues growing 8% year over year, positively impacted by non-recurring items.

Innoviva reported its Q1 2021 financial results, highlighting an 8% year-over-year growth in royalty revenues, which was positively impacted by non-recurring items such as prior-period adjustments and favorable foreign exchange rates. The company strategically deployed capital in healthcare companies and resolved its arbitration with Theravance BioPharma.

  • Royalty revenues increased by 8% year-over-year, benefiting from non-recurring items.
  • RELVAR®/BREO® ELLIPTA® global net sales showed modest growth compared to Q1 2020, with a 5% increase in the U.S. and a 2% decrease in non-U.S. sales.
  • ANORO® ELLIPTA® global net sales increased by 7% in Q1 2021, driven by an 8% increase in U.S. sales and a 5% increase in non-U.S. sales.
  • TRELEGY® ELLIPTA® global net sales increased by 37% in Q1 2021, attributed to strong volume growth and a favorable prior-period adjustment in the U.S.

Headline financials

Total Revenue

$85.5M

Previous: $78.7M+8.7%
EPS (adj)

$0.84

Previous: $0.59+42.4%
Capital Expenditures

$0.00

Previous: -$13K+100.0%
Free Cash Flow

$110M

Previous: $78.9M+39.0%
Net Income

$110M

Previous: $79M+38.9%
Operating Income

$79.5M

Previous: $76.1M+4.4%
Gross Profit

$85.5M

Previous: $78.7M+8.6%
Cash & Equivalents

$283M

Previous: $352M-19.6%
Total Assets

$1.09B

Previous: $788M+38.1%
Stock-Based Comp

$451K

Previous: $435K+3.7%

Revenue & EPS history

Innoviva · Revenue · Quarterly

$85.5M

Q1 2021+8.7%vs Q1 2020
Beat estimate in 5 of 15 quarters(33%)
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 Q1 2021

Historical avgQ1 2021

+1.4%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.8%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+19.4%

Q1 2012

Best reaction

-15.1%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-0.6%-0.6%
Q4 2025-2.7%-8.0%-6.5%
Q3 2025+13.1%+20.1%+13.8%
Q1 2025-0.9%-2.6%+15.2%
Q4 2024-2.0%-1.8%+1.6%
Q3 2024+2.9%+3.6%-2.0%
Q2 2024+1.6%-3.6%+2.1%
Q1 2024-1.5%+4.2%+3.9%
Q4 2023-0.7%-3.1%-0.7%
Q3 2023+7.0%+10.0%+12.7%
Q2 2023-1.3%+1.3%-4.0%
Q1 2023+4.5%+8.5%+17.5%
Q4 2022-5.2%-8.3%-7.0%
Q3 2022+5.1%+2.6%+2.5%
Q2 2022-1.7%-1.3%-8.0%
Q1 2022+0.9%-5.2%-10.2%
Q4 2021+13.7%+24.5%+19.2%
Q3 2021+8.8%+9.2%+6.3%
Q2 2021+6.3%+10.2%+10.7%
Q1 2021+0.9%+0.7%+16.2%
Q4 2020+1.0%+1.3%-7.3%
Q3 2020+11.3%+6.4%+12.7%
Q2 2020+0.4%+0.7%-15.0%
Q1 2020+5.3%-0.2%+3.7%
Q4 2019+3.5%+3.5%-6.1%
Q3 2019+6.2%+10.8%+23.2%
Q2 2019-15.1%-10.4%-16.1%
Q1 2019+6.5%+6.6%-2.6%
Q4 2018-3.3%-6.1%-14.2%
Q3 2018+2.3%+7.7%+22.6%
Q2 2018-1.2%+1.5%+1.3%
Q1 2018-2.9%-0.3%-1.5%
Q4 2017+8.5%+19.5%+14.2%
Q3 2017-11.9%-14.0%-4.5%
Q2 2017+4.3%+4.7%-2.1%
Q1 2017-8.3%-9.6%-5.3%
Q4 2016+1.7%+7.9%+15.8%
Q3 2016-1.6%+4.2%+12.9%
Q2 2016+9.2%+8.9%-3.5%
Q1 2016-1.0%
Q4 2015+14.6%
Q3 2015+1.1%
Q2 2015-10.8%
Q1 2015-6.3%
Q4 2014+10.8%
Q3 2014-5.0%
Q2 2014+4.5%
Q1 2014-1.1%
Q4 2013-2.1%
Q3 2013+8.3%
Q2 2013-3.7%
Q1 2013+11.3%
Q4 2012-4.9%
Q3 2012-9.4%
Q2 2012-7.1%
Q1 2011-1.9%
Q1 2012+19.4%
Q4 2011+0.8%
Q3 2011+8.6%
Q2 2011+1.3%
Q4 2010-1.1%
Q3 2010+2.7%
Q2 2010+8.0%
Q1 2010-9.2%

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