NASDAQ$KNSA

Kiniksa Pharmaceuticals Ltd · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Kiniksa's financial performance in Q2 2022 showed ARCALYST's continued momentum and strategic portfolio expansion.

Kiniksa Pharmaceuticals reported ARCALYST net revenue of $27.0 million for Q2 2022. The company anticipates $100 million in upfront and near-term proceeds from the vixarelimab global license agreement and expects cash reserves to fund operations into at least 2025.

  • ARCALYST net revenue reached $27.0 million in Q2 2022.
  • Full-year 2022 net revenue for ARCALYST is expected to be $115 - $130 million.
  • The vixarelimab global license agreement is expected to generate $100 million in upfront and near-term proceeds.
  • Cash reserves are projected to fund operations into at least 2025 following the vixarelimab agreement.

Headline financials

Total Revenue

$27M

Previous: $7.7M+250.1%
EPS (adj)

-$0.29

Previous: -$0.61+52.5%
Capital Expenditures

-$115K

Previous: -$113K-1.8%
Free Cash Flow

-$20.1M

Previous: -$41.7M+51.8%
Net Income

-$20M

Previous: -$41.6M+51.9%
Operating Income

-$19.4M

Previous: -$40.6M+52.2%
Gross Profit

$21.9M

Previous: $5.24M+318.9%
Cash & Equivalents

$94.3M

Previous: $212M-55.5%
Total Assets

$211M

Previous: $279M-24.6%
Stock-Based Comp

$6.68M

Previous: $5.72M+16.8%

Revenue & EPS history

Kiniksa · Revenue · Quarterly

$27M

Q2 2022+250.1%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Kiniksa · $27M total across 1 segment · Q2 2022

  • ARCALYST
    $27M-14.8%

Forward guidance

Kiniksa expects ARCALYST net revenue for full-year 2022 to be between $115 million and $130 million. The company plans to evolve its sales operation with approximately 20 additional field sales representatives in the fourth quarter of 2022.

Tailwinds

  • ARCALYST net revenue for full-year 2022 expected to be between $115 million and $130 million
  • Cash reserves expected to fund operations into at least 2025 following the close of the vixarelimab global license agreement with Genentech
  • Plans to evolve sales operation with approximately 20 additional field sales representatives in the fourth quarter of 2022

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 2022

Historical avgQ2 2022

+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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