NASDAQ$NVCR

Novocure Ltd · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported continued commercial strength and progress across clinical and product development programs.

Novocure reported a 32% increase in net revenues, reaching $134.7 million, with a gross margin of 80%. The company invested $46 million in research and development. There were 3,454 active patients on therapy at the end of the quarter.

  • Net revenues reached $134.7 million, a 32% increase year-over-year.
  • Gross margin was reported at 80%.
  • An interim analysis for the phase 3 pivotal LUNAR trial in non-small cell lung cancer concluded with a favorable recommendation to continue the trial with a reduced sample size.
  • There were 3,454 active patients on therapy at the end of the quarter, representing a 12% increase year-over-year.

Headline financials

Total Revenue

$135M

Previous: $102M+32.3%
EPS (adj)

-$0.04

Previous: $0.04-200.0%
Total Active Patients

3.5K

Previous: 3.1K+11.6%
Capital Expenditures

-$3.98M

Previous: -$3.11M-27.9%
Free Cash Flow

-$8.11M

Previous: $840K-1065.4%
Net Income

-$4.13M

Previous: $3.95M-204.5%
Operating Income

-$88K

Previous: -$3.38M+97.4%
Gross Profit

$108M

Previous: $77.3M+40.1%
Cash & Equivalents

$315M

Previous: $182M+72.9%
Total Assets

$1.07B

Previous: $502M+112.5%
Stock-Based Comp

$18.9M

Previous: $16.6M+13.9%

Revenue & EPS history

Novocure · Revenue · Quarterly

$135M

Q1 2021+32.3%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Novocure anticipates several clinical milestones, including FDA response to IDE supplement, presentation of full data from phase 2 pilot HEPANOVA trial, and interim analysis of phase 3 pivotal INNOVATE-3 trial.

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 2021

Historical avgQ1 2021

-0.5%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.6%

Avg return

30 days after

49%

21 / 43 earnings

Positive

+27.5%

Q1 2026

Best reaction

-34.3%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+27.5%+33.1%+42.8%
Q4 2025-7.9%-11.3%-26.8%
Q3 2025-4.7%-11.0%-5.0%
Q2 2025-0.3%+3.9%+4.6%
Q1 2025+4.4%+2.9%+4.3%
Q4 2024-12.4%-17.2%-14.1%
Q3 2024-10.1%-1.8%+18.7%
Q2 2024+1.2%+24.2%-4.1%
Q1 2024+16.0%+21.9%+72.8%
Q4 2023-2.6%+4.4%-15.4%
Q3 2023-10.2%-5.5%-11.4%
Q2 2023-17.4%-19.1%-26.2%
Q1 2023+3.5%+6.2%+20.6%
Q4 2022-6.1%-6.1%-30.3%
Q3 2022+3.5%+8.1%+10.8%
Q2 2022-8.1%-5.1%+11.9%
Q1 2022-0.5%+8.9%+9.1%
Q4 2021+10.1%+10.5%+9.8%
Q3 2021-7.4%-2.8%-12.4%
Q2 2021-15.3%-18.0%-25.9%
Q1 2021-0.7%-4.0%-0.7%
Q4 2020-13.9%-11.6%-28.1%
Q3 2020+5.8%-1.4%+9.9%
Q2 2020+11.5%+14.9%+20.6%
Q1 2020-17.8%-12.8%-8.3%
Q4 2019-8.4%-12.7%-17.6%
Q3 2019+1.5%+4.3%+24.1%
Q2 2019+11.2%+17.3%+30.3%
Q1 2019+13.0%+10.0%+22.7%
Q4 2018+4.0%-2.5%-10.8%
Q3 2018-23.6%-22.9%-29.6%
Q2 2018-6.7%-9.2%+6.8%
Q1 2018+11.2%+14.3%+25.7%
Q4 2017-10.4%-1.9%+1.9%
Q3 2017+7.5%+19.3%+4.7%
Q2 2017+4.3%+2.3%+2.1%
Q1 2017+3.2%+8.2%+16.4%
Q4 2016-3.5%+6.3%-1.4%
Q3 2016+13.4%+21.8%+34.5%
Q2 2016-34.3%-31.6%-31.6%
Q1 2016+2.3%
Q4 2015+24.7%
Q3 2015+22.3%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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