NASDAQ$KALA

Kala Bio Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Kala Pharmaceuticals reported first quarter results, achieving revenue growth driven by EYSUVIS launch and expanded commercial coverage.

Kala Pharmaceuticals reported net product revenues of $3.3 million for Q1 2021, with $1.64 million from EYSUVIS sales and $1.63 million from INVELTYS sales. The company's cash position was strong at $156.0 million, projecting a cash runway for at least two years. A new credit facility provides up to $125 million.

  • Net product revenues reached $3.3 million, with $1.64 million from EYSUVIS and $1.63 million from INVELTYS.
  • EYSUVIS prescriptions filled exceeded 11,600 between early January and April 23, 2021.
  • Secured commercial coverage for over 69 million lives, representing approximately 43% of commercially insured lives.
  • New credit facility provides up to $125 million, extending the projected cash runway to at least two years.

Headline financials

Total Revenue

$3.27M

Previous: $1.07M+204.9%
EPS (adj)

-$24.50

Previous: -$27.00+9.3%
Net Income

-$30.4M

Previous: -$22M-38.2%
Operating Income

-$28.3M

Previous: -$20.1M-40.8%
Gross Profit

$2.51M

No prior period
Cash & Equivalents

$156M

Previous: $197M-20.6%
Total Assets

$230M

Previous: $259M-11.1%
Stock-Based Comp

$4.7M

No prior period

Revenue & EPS history

Kala Bio · Revenue · Quarterly

$3.27M

Q1 2021+204.9%vs Q1 2020
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Kala anticipates that its cash resources as of March 31, 2021, together with anticipated revenue from EYSUVIS and INVELTYS, will enable it to fund its operations for at least two years.

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 2021

Historical avgQ1 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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