NASDAQ$KALA
Kala Bio Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported financial results for the first quarter of 2020 and provided a corporate update.
Kala Pharmaceuticals reported a net product revenue of $1.1 million from INVELTYS sales, a decrease compared to the previous year. The company resubmitted the NDA for EYSUVIS to the FDA and anticipates a potential approval and launch by year-end. Kala's cash resources are expected to fund operations into at least the second quarter of 2022.
- Announced positive results from STRIDE 3 clinical trial of EYSUVIS, demonstrating statistically significant results for primary and key secondary endpoints.
- EYSUVIS NDA was resubmitted on April 30th, with potential approval and launch expected before year-end.
- Raised $146.9 million in gross proceeds from sales of common stock in early 2020.
- First quarter 2020 INVELTYS revenue reached $1.1 million.
Headline financials
Revenue & EPS history
Kala Bio · Revenue · Quarterly
$1.07M
Forward guidance
Kala anticipates that its existing cash resources will enable it to fund its operations into at least the second quarter of 2022. The company believes physicians will move to reschedule many deferred procedures once conditions permit and expects INVELTYS prescriptions and revenue to return to growth.
Tailwinds
- Potential approval and launch of EYSUVIS by year-end.
- Resubmitted NDA for EYSUVIS to the FDA.
- Positive results from STRIDE 3 clinical trial of EYSUVIS.
- Well-capitalized following public offering of common stock.
- Existing cash resources will enable it to fund its operations into at least the second quarter of 2022.
Headwinds
- COVID-19 related restrictions on elective procedures have affected INVELTYS prescriptions and revenue.
- Impacts are expected to persist through the pandemic.
- Uncertainty around the impact and duration of the restrictions related to COVID-19.
- Suspended substantially all in-person interactions with customers.
- Company is unable to project the specific timing or potential impact on future revenues given the continued uncertainty around the impact and duration of the restrictions related to COVID‑19.
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 Q1 2020
+1.5%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-4.7%
Avg return
30 days after
40%
14 / 35 earnings
Positive
+119.7%
Q4 2022
Best reaction
-18.3%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -1.6% | -17.4% | -17.7% | |
| Q3 2025 | -7.4% | -10.4% | -9.7% | |
| Q2 2025 | +2.0% | +9.9% | +103.2% | |
| Q1 2025 | -5.0% | +4.6% | +23.6% | |
| Q4 2024 | -1.5% | +1.5% | +0.0% | |
| Q3 2024 | -6.1% | -9.5% | -17.7% | |
| Q2 2024 | +3.2% | -1.7% | -1.7% | |
| Q1 2024 | -0.9% | -3.9% | -12.0% | |
| Q4 2023 | +0.3% | -2.4% | -21.0% | |
| Q3 2023 | -6.6% | -2.2% | +19.7% | |
| Q2 2023 | -6.5% | -8.4% | -7.9% | |
| Q1 2023 | -2.8% | +3.0% | -5.3% | |
| Q4 2022 | +119.7% | +114.5% | +48.0% | |
| Q3 2022 | +23.7% | +34.9% | -1.9% | |
| Q2 2022 | -3.4% | -4.6% | -1.7% | |
| Q1 2022 | +8.2% | -5.4% | -43.1% | |
| Q4 2021 | -16.6% | -25.1% | -61.9% | |
| Q3 2021 | +4.3% | -7.7% | -30.4% | |
| Q2 2021 | -6.3% | -4.8% | -2.7% | |
| Q1 2021 | -18.3% | -18.4% | -9.0% | |
| Q4 2020 | -17.0% | -17.6% | -21.4% | |
| Q3 2020 | -1.8% | +0.6% | +2.5% | |
| Q2 2020 | -2.7% | -2.5% | -13.2% | |
| Q1 2020 | -2.8% | +2.8% | +17.0% | |
| Q4 2019 | +3.5% | +1.6% | +1.3% | |
| Q3 2019 | +7.0% | -4.4% | +4.2% | |
| Q2 2019 | +1.2% | -0.6% | -20.6% | |
| Q1 2019 | -8.6% | -17.2% | -24.2% | |
| Q4 2018 | +1.0% | +6.6% | -1.6% | |
| Q3 2018 | -5.4% | -13.8% | -25.9% | |
| Q2 2018 | +1.6% | -3.9% | -8.5% | |
| Q1 2018 | +2.0% | +3.7% | -16.0% | |
| Q4 2017 | -7.1% | -7.4% | -7.4% | |
| Q3 2017 | -3.6% | +2.6% | +1.7% | |
| Q2 2017 | +5.4% | +6.2% | -3.7% | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — |
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