NASDAQ$ONC

BeiGene Ltd-ADR · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

BeiGene's product sales increased driven by recently launched internally developed products.

BeiGene reported a product revenue increase of 13% compared to the same period last year, reaching $65.64 million. The company raised net proceeds of approximately $2.07 billion through a registered direct offering.

  • Received approval from the NMPA for BRUKINSA in China for the treatment of adult patients with CLL/SLL and MCL.
  • Received approval from the NMPA and launched tislelizumab in China for the treatment of patients with previously treated locally advanced or metastatic urothelial carcinoma.
  • Began commercializing XGEVA in China for the treatment of giant cell tumor of bone.
  • Generated $65.64 million in product revenue, representing a 13% increase compared to the comparable period of the prior year.

Headline financials

Total Revenue

$65.6M

Previous: $243M-73.0%
EPS (adj)

-$4.31

Previous: -$1.43-201.4%
R&D Expenses

$286M

Previous: $229M+25.0%
SG&A Expenses

$124M

Previous: $82.2M+50.8%
Capital Expenditures

-$54.1M

Previous: -$43.3M-25.1%
Free Cash Flow

-$659M

Previous: -$261M-152.2%
Net Income

-$335M

Previous: -$85.6M-291.7%
Operating Income

-$359M

Previous: -$85.8M-318.1%
Gross Profit

$51.3M

Previous: $226M-77.2%
Cash & Equivalents

$1.35B

Previous: $919M+46.4%
Total Assets

$3.9B

Previous: $2.15B+81.5%
Stock-Based Comp

$45.5M

No prior period

Revenue & EPS history

BeiGene · Revenue · Quarterly

$65.6M

Q2 2020-73%vs Q2 2019
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

BeiGene · $6.97M total across 1 segment · Q2 2020

  • BRUKINSA
    $6.97M

Forward guidance

BeiGene expects the COVID-19 pandemic to continue to have a negative impact on its operations, including commercial sales, regulatory interactions and inspections, and clinical trial recruitment and participation. The Company is striving to minimize delays and disruptions, and continues to execute on its commercialization, regulatory and clinical development goals globally.

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 Q2 2020

Historical avgQ2 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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