NASDAQ$INVA

Innoviva Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter, highlighting company progress through acquisitions and advancements in its infectious disease and hospital business.

Innoviva reported solid results in its diversified core royalty business, with RELVAR®/BREO® ELLIPTA® global net sales decreasing due to unfavorable adjustments in the U.S., offset by stable volume trends. GIAPREZA® and XERAVA® had their strongest quarter ever, and the company is advancing its strategy of building a best-in-class hospital and infectious disease business.

  • Core royalty business remained solid despite some sales decreases.
  • GIAPREZA® and XERAVA® achieved their strongest quarter to date.
  • FDA accepted SUL-DUR NDA with Priority Review.
  • Enrollment in the Phase 3 registrational trial of zoliflodacin remains on track, with study completion anticipated in 2023.

Headline financials

Total Revenue

$65.8M

Previous: $108M-38.9%
EPS (adj)

-$0.98

Previous: $0.14-800.0%
Capital Expenditures

$34K

No prior period
Free Cash Flow

$8.87M

Previous: $98.4M-91.0%
Net Income

-$68.3M

Previous: $10.3M-760.4%
Gross Profit

$55.7M

Previous: $104M-46.6%
Cash & Equivalents

$291M

Previous: $350M-16.8%
Total Assets

$1.23B

Previous: $926M+32.9%
Stock-Based Comp

$1.33M

Previous: $554K+139.4%

Revenue & EPS history

Innoviva · Revenue · Quarterly

$65.8M

Q4 2022-38.9%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Innoviva is focused on building a best-in-class hospital and infectious disease business and is optimistic about future prospects, maintaining capital discipline and executing a share buyback program.

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 2022

Historical avgQ4 2022

+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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