NASDAQ$LXRX

Lexicon Pharmaceuticals Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Lexicon Pharmaceuticals reported financial results for Q1 2020, which included a 17% increase in XERMELO U.S. net sales and progress in their pipeline development.

Lexicon Pharmaceuticals reported a decrease in revenues to $8.0 million, driven by lower collaborative revenues, although XERMELO net sales increased by 17%. R&D expenses significantly increased due to sotagliflozin development costs. The net loss was $66.6 million, or $0.63 per share, compared to a net loss of $21.8 million, or $0.21 per share, in the prior year.

  • XERMELO U.S. net sales increased by 17% to $7.9 million in Q1 2020.
  • The company has fully enrolled the first efficacy cohort of 20 patients in the Phase 2 telotristat ethyl study in biliary tract cancer, with top-line data expected later this year.
  • Lexicon is advancing LX9211 into a proof-of-concept study in diabetic peripheral neuropathic pain, expected to initiate mid-year.
  • Progress is being made on the close-out of the two sotagliflozin outcome studies, SCORED and SOLOIST.

Headline financials

Total Revenue

$8M

Previous: $9.22M-13.2%
EPS (adj)

-$0.63

Previous: -$0.21-200.0%
R&D Expenses

$55.2M

Previous: $12M+359.0%
SG&A Expenses

$14.7M

Previous: $14.1M+4.1%
Capital Expenditures

$0.00

Previous: -$70K+100.0%
Free Cash Flow

-$66.6M

Previous: -$21.9M-204.6%
Net Income

-$66.6M

Previous: -$21.8M-205.6%
Operating Income

-$62.4M

Previous: -$17.5M-257.4%
Gross Profit

$7.43M

Previous: $8.66M-14.2%
Cash & Equivalents

$55.6M

Previous: $45.8M+21.4%
Total Assets

$371M

Previous: $259M+43.3%
Stock-Based Comp

$4.43M

Previous: $3.41M+29.9%

Revenue & EPS history

Lexicon Pharmaceuticals · Revenue · Quarterly

$8M

Q1 2020-13.2%vs Q1 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Lexicon Pharmaceuticals · $7.99M total across 2 segments · Q1 2020

  • Net Product Revenue
    $7.88M+16.9%
  • Royalties and Other
    $114K+208.1%

Forward guidance

Lexicon anticipates several near-term milestones, including the initiation of a Phase 2 study for LX9211 in diabetic peripheral neuropathic pain in mid-2020 and data from the first efficacy cohort of the Phase 2 study of telotristat ethyl in biliary tract cancer in Q4 2020.

Tailwinds

  • Initiation of the Phase 2 study for LX9211 in diabetic peripheral neuropathic pain in mid-2020
  • Data from the first efficacy cohort of the Phase 2 study of telotristat ethyl in biliary tract cancer in Q4 2020
  • Manuscript publications for XERMELO in carcinoid syndrome diarrhea in 2020

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

+0.4%

Avg return

Earnings day

+2.8%

Avg return

5 days after

-0.4%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+30.6%

Q3 2015

Best reaction

-26.0%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.4%+50.0%+19.4%
Q4 2025-0.6%+1.8%-2.5%
Q3 2025+3.0%+13.0%+1.4%
Q1 2025+3.1%+22.2%+24.1%
Q4 2024+6.6%+2.7%+13.5%
Q3 2024-14.2%-22.8%-35.4%
Q2 2024-24.4%-27.1%-23.1%
Q1 2024+5.5%+7.3%+3.0%
Q4 2023+16.1%+19.8%-6.9%
Q3 2023-17.2%-14.4%+0.0%
Q2 2023-1.1%-3.7%-10.6%
Q1 2023+12.3%+43.0%+11.1%
Q4 2022+21.8%+17.3%+10.5%
Q3 2022+8.7%+13.1%-1.0%
Q2 2022+13.5%+19.4%+16.5%
Q1 2022-7.2%-9.8%-6.7%
Q4 2021-26.0%-25.3%-26.3%
Q3 2021-11.2%-9.8%-25.5%
Q2 2021+2.0%-4.7%+28.8%
Q1 2021-0.4%-3.7%-3.5%
Q4 2020-1.4%-2.6%-23.8%
Q3 2020-9.0%-9.8%+32.8%
Q2 2020+11.5%+12.6%+0.0%
Q1 2020+3.4%-7.3%-1.0%
Q4 2019-10.6%+3.5%-17.2%
Q3 2019-8.6%-8.8%+26.5%
Q2 2019-21.1%-19.9%-20.5%
Q1 2019+4.7%+20.9%-7.2%
Q4 2018+2.2%+6.3%-15.3%
Q3 2018+8.4%+8.8%+3.4%
Q2 2018-3.0%-11.8%-6.2%
Q1 2018+8.4%+17.3%+52.2%
Q4 2017+1.3%+4.5%-1.3%
Q3 2017-6.3%+0.8%+8.4%
Q2 2017-4.4%-3.7%-7.1%
Q1 2017+2.4%+2.2%-9.5%
Q4 2016+9.0%+11.0%-4.8%
Q3 2016-4.2%-3.0%-1.3%
Q2 2016+1.6%+0.6%-11.8%
Q1 2016-15.6%
Q4 2015+24.4%
Q3 2015+30.6%
Q2 2015-8.6%
Q1 2015-5.7%
Q4 2014+14.3%
Q3 2014+2.1%
Q2 2014-6.6%
Q1 2014+1.4%
Q4 2013+3.8%
Q3 2013-2.6%
Q2 2013+7.8%
Q1 2013+2.5%
Q4 2012+1.9%
Q3 2012-9.6%
Q2 2012+3.7%
Q1 2012+1.3%
Q4 2011+5.6%
Q3 2011-9.9%
Q2 2011-7.1%
Q1 2011+1.9%
Q4 2010+6.3%
Q3 2010-3.7%
Q2 2010-0.7%
Q1 2010+8.0%

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