NASDAQ$KNSA

Kiniksa Pharmaceuticals Ltd · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Kiniksa reported strong Q2 2021 financial results driven by ARCALYST revenue growth.

Kiniksa Pharmaceuticals reported strong Q2 2021 results, driven by growth in ARCALYST revenue. The company is focused on advancing its pipeline and expanding ARCALYST's reach.

  • Total revenue was $32.3 million, a 47% increase year-over-year.
  • ARCALYST revenue was $31.7 million, a 49% increase year-over-year.
  • Net loss was $25.9 million, compared to a net loss of $24.6 million for the same period in 2020.
  • Cash, cash equivalents, and marketable securities were $212.1 million as of June 30, 2021.

Headline financials

Total Revenue

$7.7M

No prior period
EPS (adj)

-$0.61

Previous: -$0.65+6.2%
Capital Expenditures

-$113K

No prior period
Free Cash Flow

-$41.7M

No prior period
Net Income

-$41.6M

No prior period
Operating Income

-$40.6M

No prior period
Gross Profit

$5.24M

No prior period
Cash & Equivalents

$212M

No prior period
Total Assets

$279M

No prior period
Stock-Based Comp

$5.72M

No prior period

Revenue & EPS history

Kiniksa · Revenue · Quarterly

$7.7M

Q2 2021
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

Kiniksa · $31.7M total across 1 segment · Q2 2021

  • ARCALYST
    $31.7M

Forward guidance

Kiniksa anticipates ARCALYST revenue to be between $120.0 million and $130.0 million.

Tailwinds

  • ARCALYST revenue between $120.0 million and $130.0 million
  • Continued investment in ARCALYST
  • Advancing mavrilimumab in GCA
  • Advancing vixarelimab in prurigo nodularis
  • Exploring partnering opportunities for IL-15 programs

Headwinds

  • Uncertainties related to COVID-19
  • Potential delays in clinical trials
  • Regulatory risks
  • Competition from other therapies
  • Dependence on ARCALYST revenue

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

+5.3%

Avg return

Earnings day

+5.2%

Avg return

5 days after

+7.8%

Avg return

30 days after

55%

17 / 31 earnings

Positive

+45.8%

Q3 2021

Best reaction

-16.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.5%+26.7%+16.6%
Q4 2025-4.7%-6.1%-1.3%
Q3 2025-2.9%-8.8%+4.8%
Q1 2025+20.5%+28.8%+26.6%
Q4 2024+0.5%+3.3%+19.0%
Q3 2024-16.6%-18.5%-19.1%
Q2 2024+17.8%+22.1%+22.5%
Q1 2024+4.4%+4.6%+12.1%
Q4 2023+1.2%-3.4%-5.6%
Q3 2023-3.4%+3.3%+3.1%
Q2 2023+35.2%+26.8%+18.1%
Q1 2023+24.2%+24.7%+29.0%
Q4 2022-5.6%-7.8%-19.7%
Q3 2022+8.6%+21.7%+49.3%
Q2 2022+17.3%+29.9%+14.7%
Q1 2022+5.1%-6.8%-18.4%
Q4 2021-6.8%-3.4%-7.2%
Q3 2021+45.8%+41.8%+8.8%
Q2 2021-1.4%-5.4%-10.0%
Q1 2021-9.0%-11.4%-19.4%
Q4 2020-6.3%-11.9%-28.5%
Q3 2020-5.9%-7.2%+9.6%
Q2 2020+0.8%-1.2%-14.7%
Q1 2020-7.0%-9.2%-0.6%
Q4 2019-0.7%+6.1%-29.5%
Q3 2019+15.7%+24.5%+80.8%
Q2 2019-2.4%-12.1%-9.4%
Q1 2019+8.2%+2.6%+6.5%
Q4 2018-6.1%-0.2%+20.2%
Q3 2018+11.9%+5.1%+6.2%
Q2 2018+1.7%+3.5%+78.2%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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