NASDAQ$KNSA

Kiniksa Pharmaceuticals Ltd · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Kiniksa reported Q4 2022 financial results with ARCALYST net product revenue of $39.9 million.

Kiniksa Pharmaceuticals reported fourth quarter and full-year 2022 financial results. The company is focused on increasing brand awareness of ARCALYST and pursuing collaborative study agreements for mavrilimumab. They are advancing the Phase 2 trial of KPL-404 in rheumatoid arthritis and expect data in the first half of 2024.

  • ARCALYST Q4 2022 net product revenue was $39.9 million.
  • ARCALYST full-year 2022 net product revenue was $122.5 million.
  • ARCALYST full-year 2023 net product revenue is expected to be $190 - $205 million, representing >60% year-over-year growth at the midpoint.
  • Cash reserves are expected to fund operations into at least 2025.

Headline financials

Total Revenue

$61.9M

Previous: $18.7M+230.1%
EPS (adj)

$0.06

Previous: -$0.53+111.3%
Capital Expenditures

-$32K

Previous: $251K-112.7%
Free Cash Flow

-$11.5M

Previous: -$19.1M+39.7%
Net Income

$4.46M

Previous: -$36.3M+112.3%
Operating Income

$6.05M

Previous: -$36.1M+116.7%
Gross Profit

$47.7M

Previous: $14.9M+220.3%
Cash & Equivalents

$123M

Previous: $122M+0.2%
Total Assets

$460M

Previous: $233M+97.5%
Stock-Based Comp

$6.37M

Previous: $6.13M+3.9%

Revenue & EPS history

Kiniksa · Revenue · Quarterly

$61.9M

Q4 2022+230.1%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Kiniksa · $39.9M total across 1 segment · Q4 2022

  • ARCALYST
    $39.9M

Forward guidance

Kiniksa expects ARCALYST full-year 2023 net product revenue to be between $190 million and $205 million.

Tailwinds

  • ARCALYST full-year 2023 net product revenue expected to be $190 - $205 million, representing >60% year-over-year growth at the midpoint
  • Advancing Phase 2 trial of KPL-404 in rheumatoid arthritis
  • Expect data from KPL-404 trial in the first half of 2024
  • Pursuing collaborative study agreements for mavrilimumab in rare cardiovascular diseases
  • Cash reserves expected to fund operations into at least 2025

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 Q4 2022

Historical avgQ4 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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