NASDAQ$ONC

BeiGene Ltd-ADR · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

BeiGene's product revenue increased due to sales of tislelizumab in China and BRUKINSA in the United States and China.

BeiGene reported an increase in product revenue driven by sales of tislelizumab in China and BRUKINSA in the United States and China. The company is focused on expanding its pipeline and commercial opportunities.

  • Total product revenue reached $91.08 million, a 81.6% increase compared to the same period last year.
  • Sales of tislelizumab in China contributed $49.94 million.
  • Sales of BRUKINSA in China and the United States amounted to $15.66 million.
  • The company is progressing with clinical trials and regulatory submissions for its drug candidates.

Headline financials

Total Revenue

$91.1M

Previous: $50.1M+81.6%
EPS (adj)

-$4.81

Previous: -$5.11+5.9%
R&D Expenses

$349M

Previous: $237M+47.3%
SG&A Expenses

$161M

Previous: $105M+53.2%
Capital Expenditures

-$82.8M

Previous: -$74.1M-11.7%
Free Cash Flow

-$1.03B

Previous: -$557M-85.5%
Net Income

-$425M

Previous: -$307M-38.3%
Operating Income

-$440M

Previous: -$312M-40.9%
Gross Profit

$70M

Previous: $30M+132.9%
Cash & Equivalents

$1.46B

Previous: $856M+71.1%
Total Assets

$5.57B

Previous: $1.88B+195.9%
Stock-Based Comp

$50.3M

No prior period

Revenue & EPS history

BeiGene · Revenue · Quarterly

$91.1M

Q3 2020+81.6%vs Q3 2019
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

BeiGene · $15.7M total across 1 segment · Q3 2020

  • BRUKINSA
    $15.7M

Forward guidance

BeiGene anticipates key clinical readouts and potential expanded commercial opportunities for its products through approvals in additional indications and geographic markets.

Tailwinds

  • Key clinical readouts expected in the remainder of 2020 and 2021.
  • Potential expanded commercial opportunities for products.
  • Possible approvals in additional indications and geographic markets.
  • Growing commercial-stage portfolio in China to up to 12 products.
  • Advancement of pipeline assets, including BGB-11417, BGB-A445, BGB-10188, and BGB-15025.

Headwinds

  • COVID-19 pandemic continues to have a negative impact on operations.
  • Delays in clinical trial recruitment and data readouts due to COVID-19.
  • Uncertainty regarding the future impact of the pandemic in China and the United States.
  • Potential delays in regulatory interactions, inspections, and filings.
  • Amgen collaboration clinical trials in China are currently delayed.

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 Q3 2020

Historical avgQ3 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro