NASDAQ$LXRX

Lexicon Pharmaceuticals Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Lexicon Pharmaceuticals reported financial results for Q4 2021 and provided an update on key milestones.

Lexicon Pharmaceuticals reported negligible revenues for the fourth quarter. R&D expenses increased, while SG&A expenses also increased. The net loss for the quarter was $25.6 million, or $0.17 per share. As of December 31, 2021, Lexicon had $86.7 million in cash and investments.

  • Voluntarily withdrew the sotagliflozin NDA to correct a technical issue and plan to promptly resubmit early in the second quarter of 2022.
  • Completing and announcing top-line results in the coming months from our two proof-of-concept Phase 2 studies of LX9211 in diabetic peripheral neuropathic pain and post-herpetic neuralgia.
  • R&D expenses for the fourth quarter of 2021 increased to $16.5 million from $1.0 million for the corresponding period in 2020.
  • SG&A expenses for the fourth quarter of 2021 increased to $8.8 million from $6.4 million for the corresponding period in 2020, primarily due to higher legal fees during the quarter.

Headline financials

Total Revenue

$14K

Previous: $199K-93.0%
EPS (adj)

-$0.17

Previous: -$0.04-325.0%
R&D Expenses

$16.5M

Previous: $992K+1563.1%
SG&A Expenses

$8.85M

Previous: $6.43M+37.5%
Capital Expenditures

$23K

Previous: $54K-57.4%
Free Cash Flow

-$22.9M

Previous: -$34.3M+33.4%
Net Income

-$25.6M

Previous: -$5.5M-365.7%
Operating Income

-$25.3M

Previous: -$7.46M-239.6%
Gross Profit

-$16.5M

Previous: $199K-8383.5%
Cash & Equivalents

$64.1M

Previous: $152M-57.9%
Total Assets

$137M

Previous: $204M-32.8%
Stock-Based Comp

$2.23M

Previous: $2.68M-16.9%

Revenue & EPS history

Lexicon Pharmaceuticals · Revenue · Quarterly

$14K

Q4 2021-93%vs Q4 2020
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

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 2021

Historical avgQ4 2021

+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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