NASDAQ$LXRX

Lexicon Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for Q1 2022 and provided a clinical update.

Lexicon Pharmaceuticals reported a net loss of $23.5 million, or $0.16 per share, for the first quarter of 2022. The company is preparing to resubmit its New Drug Application for sotagliflozin and expects top-line results for the Phase 2 study of LX9211 in diabetic peripheral neuropathic pain by the end of this quarter.

  • Plans to resubmit NDA for sotagliflozin for heart failure treatment this month.
  • Received confirmation from the FDA in late April that it is aligned with resubmission plans.
  • Committed access to sufficient resources to support commercial preparations for launch in the first half of 2023.
  • Top-line results for Phase 2 study of LX9211 in diabetic peripheral neuropathic pain expected by the end of this quarter.

Headline financials

Total Revenue

$0.00

Previous: $27K-100.0%
EPS (adj)

-$0.16

Previous: -$0.15-6.7%
R&D Expenses

$14.9M

Previous: $12.6M+18.4%
SG&A Expenses

$8.49M

Previous: $8.26M+2.8%
Capital Expenditures

-$76K

Previous: -$38K-100.0%
Free Cash Flow

-$23.6M

Previous: -$21M-12.2%
Net Income

-$23.5M

Previous: -$21M-12.0%
Operating Income

-$23.4M

Previous: -$20.8M-12.2%
Gross Profit

$0.00

Previous: $27K-100.0%
Cash & Equivalents

$59.5M

Previous: $97.7M-39.0%
Total Assets

$136M

Previous: $193M-29.5%
Stock-Based Comp

$2.77M

Previous: $2.85M-2.8%

Revenue & EPS history

Lexicon Pharmaceuticals · Revenue · Quarterly

$0

Q1 2022-100%vs Q1 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Lexicon Pharmaceuticals · $162K total across 2 segments · Q3 2023

  • Net Product Revenue
    $148K
  • Royalties and Other
    $14K

Forward guidance

Lexicon is focused on the clinical development, regulatory filings, and potential therapeutic and commercial potential of sotagliflozin, LX9211 and its other potential drug candidates.

Tailwinds

  • Successful resubmission of NDA for sotagliflozin.
  • Positive clinical trial results for sotagliflozin.
  • Advancement of LX9211 clinical trials.
  • Potential regulatory approval for drug candidates.
  • Establishment of strategic alliances.

Headwinds

  • Ability to meet its capital requirements.
  • Successful conduct preclinical and clinical development.
  • Obtain necessary regulatory approvals of sotagliflozin, LX9211 and its other potential drug candidates on its anticipated timelines
  • Successfully commercialize any products for which it obtains regulatory approval.
  • Achieve its operational objectives

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 2022

Historical avgQ1 2022

+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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