NASDAQ$ONC

BeiGene Ltd-ADR · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

BeiGene's financial results for Q1 2020 were reported, highlighting the launch of tislelizumab in China and key milestones achieved.

BeiGene reported a decrease in total revenue primarily due to the lack of collaboration revenue and decreased product sales of ABRAXANE, REVLIMID and VIDAZA in China, which was partially offset by initial sales of tislelizumab in China and BRUKINSA in the United States. They launched tislelizumab in China and are managing the challenges of COVID-19 to maintain momentum in their development program.

  • Launched tislelizumab in China in March 2020 for classical Hodgkin’s lymphoma patients.
  • Received approval from China's NMPA for tislelizumab to treat locally advanced or metastatic urothelial carcinoma.
  • Generated $52.06 million in product revenue.
  • Transition activities for Amgen commercial oncology medicines in China are on track.

Headline financials

Total Revenue

$52.1M

Previous: $77.8M-33.1%
EPS (adj)

-$4.70

Previous: -$2.81-67.3%
R&D Expenses

$304M

Previous: $178M+70.6%
SG&A Expenses

$107M

Previous: $57.6M+85.8%
Capital Expenditures

-$21.5M

Previous: -$21.8M+1.4%
Free Cash Flow

-$363M

Previous: -$194M-87.5%
Net Income

-$364M

Previous: -$168M-117.0%
Operating Income

-$374M

Previous: -$174M-115.1%
Gross Profit

$37.9M

Previous: $62.6M-39.4%
Cash & Equivalents

$1.96B

Previous: $764M+156.0%
Total Assets

$4.07B

Previous: $2.17B+87.2%
Stock-Based Comp

$38.3M

No prior period

Revenue & EPS history

BeiGene · Revenue · Quarterly

$52.1M

Q1 2020-33.1%vs Q1 2019
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

BeiGene · $720K total across 1 segment · Q1 2020

  • BRUKINSA
    $720K

Forward guidance

This press release contains forward-looking statements regarding BeiGene's product candidates, approvals, clinical trials, data readouts, commercial product launches, and milestones.

Tailwinds

  • Recent clinical data for BeiGene’s product candidates and approvals of its products
  • The conduct of late-stage clinical trials and expected data readouts
  • Additional planned commercial product launches
  • The advancement of and anticipated clinical development, regulatory milestones and commercialization of BeiGene’s products and drug candidates
  • BeiGene’s plans and the expected milestones under the caption “Recent Business Highlights and Upcoming Milestones”

Headwinds

  • BeiGene's ability to demonstrate the efficacy and safety of its drug candidates
  • The clinical results for its drug candidates, which may not support further development or marketing approval
  • Actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval
  • BeiGene's ability to achieve commercial success for its marketed products and drug candidates, if approved
  • The impact of the COVID-19 pandemic on the Company’s clinical development, commercial and other operations

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

-0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-2.0%

Avg return

30 days after

40%

16 / 40 earnings

Positive

+15.9%

Q4 2023

Best reaction

-9.6%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.3%+4.3%-9.4%
Q4 2025-8.5%-15.7%-19.6%
Q3 2025+3.4%+6.9%+0.5%
Q1 2025-3.9%-3.5%+5.8%
Q4 2024+7.5%-0.7%+3.2%
Q3 2024+1.4%-4.5%+1.4%
Q2 2024+6.8%+10.9%+11.7%
Q1 2024-2.0%-2.2%-4.9%
Q4 2023+15.9%+6.4%-0.0%
Q3 2023-0.5%+0.7%-12.6%
Q2 2023-0.3%-9.2%+1.2%
Q1 2023-5.7%-7.3%-14.2%
Q4 2022+4.2%+11.9%+2.9%
Q3 2022-0.2%+7.3%+4.2%
Q2 2022+14.6%+16.4%-1.7%
Q1 2022-9.6%-11.9%-12.9%
Q4 2021-2.5%-0.8%-10.8%
Q3 2021-2.3%-1.1%-15.9%
Q2 2021-6.3%-8.1%-2.0%
Q1 2021+2.2%+5.4%+15.7%
Q4 2020-4.4%-8.5%-3.0%
Q3 2020-3.6%-7.2%-26.8%
Q2 2020-2.9%-7.7%+5.8%
Q1 2020+1.0%+6.0%+9.6%
Q4 2019-2.3%-3.2%-21.8%
Q3 2019+2.9%+3.4%-6.5%
Q2 2019+1.6%+3.9%-7.8%
Q1 2019+14.2%+13.6%+4.3%
Q4 2018-2.1%+8.4%-5.7%
Q3 2018+1.4%-11.2%+10.4%
Q2 2018-3.7%-4.4%-4.7%
Q1 2018-5.2%+4.3%+20.9%
Q4 2017-4.8%+0.3%+11.3%
Q3 2017-5.5%-0.0%+10.4%
Q2 2017-7.3%-9.0%-7.4%
Q1 2017-1.3%+0.7%+3.9%
Q4 2016-2.8%-4.1%-3.1%
Q3 2016-4.7%+7.4%-19.5%
Q2 2016+0.8%+6.0%+11.0%
Q4 2015+5.9%
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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