NASDAQ$KALA

Kala Bio Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Kala reported financial results for the first quarter ended March 31, 2022 and provided a corporate update.

Kala Pharmaceuticals reported net product revenues of $1.4 million for the quarter ended March 31, 2022, with $1.0 million from EYSUVIS sales and $0.4 million from INVELTYS sales. The company's cash, cash equivalents, and short-term investments were $70.2 million as of March 31, 2022.

  • EYSUVIS prescription growth was 18% in 1Q 2022.
  • Expanded coverage for EYSUVIS to 92% of total commercial lives and 30% of all Medicare lives.
  • Presented KPI-012 Phase 1b clinical data at ARVO.
  • Initiation of Phase 2/3 clinical trial in PCED expected 4Q 2022.

Headline financials

Total Revenue

$1.37M

Previous: $3.27M-58.0%
EPS (adj)

-$20.00

Previous: -$24.50+18.4%
Free Cash Flow

-$32.9M

No prior period
Net Income

-$32.9M

Previous: -$30.4M-8.4%
Operating Income

-$30.9M

Previous: -$28.3M-9.2%
Gross Profit

$597K

Previous: $2.51M-76.2%
Cash & Equivalents

$65.2M

Previous: $156M-58.2%
Total Assets

$112M

Previous: $230M-51.5%
Stock-Based Comp

$2.81M

Previous: $4.7M-40.3%

Revenue & EPS history

Kala Bio · Revenue · Quarterly

$1.37M

Q1 2022-58%vs Q1 2021
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Forward guidance

Kala anticipates that its cash resources as of March 31, 2022, together with anticipated revenue from EYSUVIS and INVELTYS, will enable it to fund its operations into the second quarter of 2023.

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 2022

Historical avgQ1 2022

+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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