NASDAQ$KRYS

Krystal Biotech Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Krystal Biotech reported financial results and operational progress for Q1 2020.

Krystal Biotech reported a net loss of $5.3 million, or $0.31 per share, for the first quarter ended March 31, 2020. The company ended the quarter with $186.7 million in cash, cash equivalents and short-term investments. Krystal Biotech is on track to start the B-VEC Phase 3 pivotal study in the first half of 2020.

  • Ended Q1 2020 with $186.7 million in cash, cash equivalents and short-term investments.
  • Research and development expenses were $3.5 million for Q1 2020, compared to $3.2 million for Q1 2019.
  • General and administrative expenses were $2.4 million for Q1 2020, compared to $1.5 million for Q1 2019.
  • Net losses for Q1 2020 were $5.3 million, or ($0.31) per common share, compared to $4.1 million or ($0.29) per common share in Q1 2019.

Headline financials

EPS (adj)

-$0.31

Previous: -$0.29-6.9%
Net Income

-$5.3M

No prior period
Cash & Equivalents

$187M

No prior period

Revenue & EPS history

Krystal Biotech · Revenue · Quarterly

$116M

Q1 2026+31.9%vs Q1 2025
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Krystal Biotech · $91.1M total across 1 segment · Q4 2024

  • VYJUVEK Net Product Revenue
    $91.1M

Forward guidance

Krystal Biotech anticipates treating patients across three different clinical trials for skin diseases and conditions and remain committed to developing our pipeline.

Tailwinds

  • Manufacturing batch has been cleared for the upcoming B-VEC Phase 3 pivotal study.
  • Presently on track to start the pivotal study in the first half of 2020, barring any COVID-19 delays.
  • Encouraged by the pre-clinical data to date on KB407, with potential to treat cystic fibrosis.
  • Advance Phase 1/2 study to include pediatric patients on KB105 for the treatment of ARCI, following safety review by the FDA.
  • Initiate Phase 1 clinical safety and efficacy study on KB301 for an aesthetic indication.

Headwinds

  • Uncertainties inherent in the initiation and conduct of clinical trials.
  • Availability and timing of data from clinical trials.
  • Uncertainties associated with regulatory review of clinical trials and applications for marketing approvals.
  • The unanticipated impact of COVID-19 on Krystal’s business operations, pre-clinical activities and clinical trials.
  • Sufficiency of cash resources and need for additional financing.

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 Q1 2020

Historical avgQ1 2020

+1.3%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+9.5%

Avg return

30 days after

54%

19 / 35 earnings

Positive

+52.8%

Q4 2023

Best reaction

-14.0%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+14.9%+13.3%
Q4 2025+4.0%-5.3%-6.7%
Q3 2025+4.9%+0.2%+10.1%
Q2 2025-14.0%-11.7%-4.3%
Q1 2025-13.8%-18.6%-18.3%
Q4 2024+12.4%+19.3%+19.4%
Q3 2024-1.1%+13.2%+6.4%
Q2 2024-6.9%-5.1%-3.1%
Q1 2024+0.4%-3.9%+4.1%
Q4 2023+52.8%+50.7%+59.2%
Q3 2023-10.7%-19.3%-16.1%
Q2 2023-6.7%-4.2%-0.2%
Q1 2023+9.0%+4.7%+51.2%
Q4 2022+4.4%+0.7%+2.0%
Q3 2022+7.7%+4.7%+1.6%
Q2 2022-5.2%-3.4%-17.1%
Q1 2022-4.7%+0.4%+15.4%
Q4 2021+2.6%-8.2%+7.0%
Q3 2021-7.4%-7.4%+48.5%
Q2 2021-1.6%-6.2%-3.2%
Q1 2021-7.2%-4.0%-7.6%
Q4 2020+6.8%-7.8%-2.3%
Q3 2020+2.6%+3.1%+35.0%
Q2 2020+0.5%+6.7%+11.7%
Q1 2020+13.7%+25.3%+3.8%
Q4 2019-0.7%-12.0%-12.0%
Q3 2019+1.6%+0.5%+43.5%
Q2 2019-4.0%-3.3%-6.2%
Q1 2019+2.6%+14.6%+1.1%
Q4 2018-4.1%+1.9%+55.6%
Q3 2018-4.7%-1.5%+5.4%
Q2 2018+2.7%+1.5%+6.1%
Q1 2018+0.1%+0.2%+23.5%
Q4 2017+5.8%+21.2%+2.9%
Q3 2017+6.0%+1.9%+4.1%
Q2 2017
Q1 2017
Q4 2016
Q3 2016

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