NASDAQ$LQDA

Liquidia Corporation · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Liquidia reported financial results for the first quarter ended March 31, 2023.

Liquidia Corporation reported a net loss of $11.7 million for Q1 2023, with revenue of $4.5 million, primarily from the Promotion Agreement. The company secured additional capital through a revenue interest financing agreement with HealthCare Royalty, receiving $31.8 million net proceeds.

  • Secured access to additional capital with revenue interest financing, receiving $31.8 million net proceeds.
  • Advanced appeals of legal rulings in Hatch-Waxman and PTAB litigation.
  • Revenue increased to $4.5 million, primarily due to increased quantities and favorable gross-to-net rebate adjustments.
  • Net loss decreased to $11.7 million, or $0.18 per basic and diluted share.

Headline financials

Total Revenue

$4.49M

Previous: $3.49M+28.7%
EPS (adj)

-$0.18

Previous: -$0.30+40.0%
Capital Expenditures

-$366K

Previous: $0.00
Free Cash Flow

-$12.1M

Previous: -$15.9M+24.0%
Net Income

-$11.7M

Previous: -$15.9M+26.3%
Operating Income

-$9.23M

Previous: -$14.5M+36.2%
Gross Profit

$3.84M

Previous: $2.8M+37.2%
Cash & Equivalents

$94.4M

Previous: $57.8M+63.4%
Total Assets

$129M

Previous: $93.5M+37.8%
Stock-Based Comp

$2.55M

Previous: $4.19M-39.0%

Revenue & EPS history

Liquidia · Revenue · Quarterly

$4.49M

Q1 2023+28.7%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Liquidia · $4.5M total across 1 segment · Q1 2023

  • Promotion Agreement
    $4.5M

Forward guidance

Liquidia anticipates reaching final legal resolution in late 2023 or the first half of 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+3.4%

Avg return

Earnings day

+5.4%

Avg return

5 days after

+3.5%

Avg return

30 days after

60%

18 / 30 earnings

Positive

+31.8%

Q2 2022

Best reaction

-13.3%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+25.4%+34.5%+54.1%
Q4 2025+0.4%+12.9%+9.6%
Q3 2025+8.8%+7.1%+38.5%
Q1 2025-1.0%+3.0%+16.8%
Q4 2024+1.2%+6.2%-6.9%
Q3 2024-5.6%-7.6%+2.7%
Q2 2024+2.9%+10.4%-17.7%
Q1 2024-0.8%+5.4%+10.4%
Q4 2023+9.6%+11.3%-0.2%
Q3 2023-1.0%-4.4%+9.8%
Q2 2023-6.3%-8.9%-7.5%
Q1 2023+5.0%+7.8%+26.1%
Q4 2022+13.5%+13.2%+6.3%
Q3 2022+0.8%-0.4%+14.6%
Q2 2022+31.8%+34.5%+9.9%
Q1 2022+7.7%+21.9%-17.0%
Q4 2021+11.2%+9.7%-17.8%
Q3 2021+9.9%+9.7%+3.1%
Q2 2021-0.8%+11.8%+16.4%
Q1 2021-0.7%+0.0%-0.7%
Q4 2020-7.4%-6.6%+2.2%
Q3 2020+0.7%-12.7%-36.9%
Q2 2020-13.3%-8.5%-23.3%
Q1 2020+8.0%+8.7%+13.4%
Q4 2019-1.5%+1.7%+54.5%
Q3 2019+5.2%+0.6%+6.4%
Q2 2019+6.4%-0.7%-40.6%
Q1 2019-3.0%-0.4%+2.6%
Q4 2018+3.0%+3.1%-43.8%
Q3 2018-9.2%-1.3%+19.4%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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