NASDAQ$KRYS

Krystal Biotech Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Krystal Biotech reported financial results and operational progress for Q4 2022.

Krystal Biotech reported a net loss of $32.1 million for the fourth quarter of 2022, with cash, cash equivalents, and investments totaling $383.8 million. The company is focused on advancing B-VEC toward approval and expanding its gene delivery platform, with plans to have its second manufacturing facility operational soon.

  • B-VEC PDUFA date is May 19, 2023.
  • Data from the pivotal Phase 3 (GEM-3) trial of B-VEC for dystrophic epidermolysis bullosa was published in the New England Journal of Medicine.
  • Four pipeline clinical trials in dermatology, respiratory and aesthetics are planned to initiate in 2023.
  • The company closed the quarter with $383.8 million in cash, cash equivalents and investments.

Headline financials

EPS (adj)

-$1.25

Previous: -$0.94-33.0%
Cash and Investments

$384M

Previous: $503M-23.6%
Capital Expenditures

$5.22M

Previous: $40.9M-87.2%
Free Cash Flow

-$27.5M

Previous: -$61.8M+55.4%
Net Income

-$32.1M

Previous: -$21.8M-47.0%
Operating Income

-$34.8M

Previous: -$21.9M-58.8%
Cash & Equivalents

$162M

Previous: $341M-52.6%
Total Assets

$558M

Previous: $626M-10.8%
Stock-Based Comp

$9.55M

Previous: $5.15M+85.7%

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 several key developments, including the B-VEC PDUFA date, advancing its pipeline, and initiating multiple clinical trials across dermatology, respiratory, and aesthetics. The company also expects its second manufacturing facility to become operational.

Tailwinds

  • B-VEC PDUFA date of May 19, 2023.
  • Focus on advancing the pipeline.
  • Demonstrating the breadth of the gene delivery platform.
  • Plans to have the second manufacturing facility operational early this year.
  • Initiating dosing in the Phase 2 cohort of the KB105-02 (JADE-1) trial.

Headwinds

  • Uncertainties associated with regulatory review of clinical trials and applications for marketing approvals.
  • Availability or commercial potential of product candidates including B-VEC.
  • Sufficiency of cash resources and need for additional financing.
  • Potential delays in the EMA marketing authorization application for B-VEC.
  • Risks associated with initiating clinical trials for KB104, KB407, and KB408.

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

+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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