NASDAQ$LQDA

Liquidia Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported full-year financial results and provided a corporate update.

Liquidia Corporation reported its full-year 2020 financial results, highlighting the closure of the RareGen, LLC acquisition, executive team changes, and plans to respond to the LIQ861 CRL. The company is also focused on improving its balance sheet and cash spend, expecting positive contributions from Treprostinil Injection sales.

  • Closed the acquisition and integration of RareGen, LLC, now known as Liquidia PAH, LLC, providing a commercial presence in PAH.
  • Confirmed plan to submit response to LIQ861 CRL in mid-2021.
  • Strengthened intellectual property tied to inhaled dry powder treprostinil with the issuance of patent No. 10,898,494.
  • Reduced net annual cash spending to strengthen financial position by more than 40% compared to 2020 spending.

Headline financials

Total Revenue

$740K

Previous: -$120.00+616456.7%
EPS (adj)

-$0.38

Previous: -$0.72+47.2%
Capital Expenditures

$39K

No prior period
Free Cash Flow

-$14.1M

No prior period
Net Income

-$59.8M

No prior period
Operating Income

-$15.9M

No prior period
Gross Profit

$502K

No prior period
Cash & Equivalents

$65.3M

No prior period
Total Assets

$99.5M

No prior period
Stock-Based Comp

$1.01M

No prior period

Revenue & EPS history

Liquidia · Revenue · Quarterly

$740K

Q4 2020-616,456.7%vs Q4 2019
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Liquidia · $3.7M total across 1 segment · Q3 2023

  • Promotion Agreement
    $3.7M+15.6%

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 Q4 2020

Historical avgQ4 2020

+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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