NASDAQ$INVA

Innoviva Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results demonstrating royalty revenues growth and strategic investments.

Innoviva reported a 44% year-over-year growth in royalty revenues, driven by the strength and resilience of its respiratory assets partnered with Glaxo Group Limited (GSK). The company deployed over $400 million in strategic investments and executed on its strategy of creating shareholder value through operational excellence.

  • Royalty revenues increased by 44% year-over-year.
  • RELVAR®/BREO® ELLIPTA® global net sales increased significantly, with U.S. net sales driven by a favorable adjustment and non-U.S. sales increasing by 13%.
  • ANORO® ELLIPTA® global net sales increased by 7%, with non-U.S. sales increasing by 25%.
  • TRELEGY® ELLIPTA® global net sales increased by 69%, driven by strong volume growth and a favorable adjustment in the U.S. as well as strong launches in non-U.S. markets.

Headline financials

Total Revenue

$101M

Previous: $78.9M+27.7%
EPS (adj)

$0.90

Previous: $0.69+30.4%
Capital Expenditures

$0.00

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

$111M

Previous: $98.2M+12.9%
Net Income

$111M

Previous: $98.2M+12.8%
Operating Income

$96.5M

Previous: $75.8M+27.4%
Gross Profit

$101M

Previous: $78.4M+28.6%
Cash & Equivalents

$43.3M

Previous: $413M-89.5%
Total Assets

$789M

Previous: $880M-10.3%
Stock-Based Comp

$470K

Previous: $375K+25.3%

Revenue & EPS history

Innoviva · Revenue · Quarterly

$101M

Q2 2021+27.7%vs Q2 2020
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements regarding goals, plans, objectives, and future events, which are subject to risks, uncertainties, and assumptions that may cause actual results to differ materially.

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 Q2 2021

Historical avgQ2 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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