NASDAQ$OPK

OPKO Health Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter business highlights and financial results.

OPKO Health reported consolidated total revenues of $329.2 million for the first quarter of 2022, compared to $545.2 million for the comparable period in 2021. The operating loss for the first quarter of 2022 was $72.4 million, compared to an operating income of $38.5 million for the 2021 quarter. Net loss for the first quarter of 2022 was $55.4 million, or $0.08 per share, compared to net income of $31.1 million, or $0.05 per diluted share, for the 2021 quarter.

  • Acquired ModeX Therapeutics, Inc., gaining proprietary immunotherapy technology and new executives.
  • Completed the sale of GeneDx LLC to Sema4 Holdings Corp.
  • Pfizer launched NGENLA® (Somatrogon) injection in Germany, Japan, and additional markets, triggering $85 million in milestone payments for OPKO.
  • Vifor Fresenius Medical Care Renal Pharma (VFMCRP) launched RAYALDEE® in Germany and subsequently in Switzerland.

Headline financials

Total Revenue

$329M

Previous: $545M-39.6%
EPS (adj)

-$0.08

Previous: $0.05-260.0%
Free Cash Flow

-$55.4M

Previous: $31.1M-278.4%
Net Income

-$55.4M

Previous: $31.1M-278.4%
Operating Income

-$72.4M

Previous: $38.4M-288.4%
Gross Profit

-$600K

Previous: -$119K-404.2%
Cash & Equivalents

$102M

Previous: $89.5M+14.3%
Total Assets

$2.31B

Previous: $2.52B-8.4%
Stock-Based Comp

$7.62M

Previous: $2.65M+187.8%

Revenue & EPS history

OPKO Health · Revenue · Quarterly

$329M

Q1 2022-39.6%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

OPKO Health · $398M total across 2 segments · Q4 2021

  • Services
    $363M
  • Products
    $35.3M

Forward guidance

OPKO’s senior management will provide a business update, discuss first quarter financial results and the ModeX acquisition.

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 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.2%

Avg return

30 days after

44%

27 / 61 earnings

Positive

+26.8%

Q1 2018

Best reaction

-17.7%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-8.3%+19.2%
Q4 2025+2.5%+0.0%-6.7%
Q3 2025-2.9%-4.3%-2.9%
Q1 2025-2.2%-7.2%-1.4%
Q4 2024+6.7%+19.0%+4.3%
Q3 2024+3.4%+9.5%+8.2%
Q2 2024+6.7%+11.9%+16.4%
Q1 2024-5.3%-3.0%+1.5%
Q4 2023-1.1%-1.0%+20.0%
Q3 2023-0.7%-6.7%+18.5%
Q2 2023+13.1%+6.8%+2.8%
Q1 2023+15.0%+26.5%-1.4%
Q4 2022+0.0%+7.5%+22.6%
Q3 2022-14.8%-9.3%-25.8%
Q2 2022-6.6%+2.9%-12.7%
Q1 2022+11.8%+15.6%+8.4%
Q4 2021+7.4%+3.7%+17.8%
Q3 2021+5.9%+16.2%+15.4%
Q2 2021-11.6%-7.2%-0.8%
Q1 2021-3.7%-4.2%-10.5%
Q4 2020-13.6%-18.0%-12.9%
Q3 2020-12.0%-11.0%+3.3%
Q2 2020-11.1%-7.4%-42.3%
Q1 2020-15.2%+3.9%+2.2%
Q4 2019+3.6%+12.2%+0.7%
Q3 2019-2.0%-2.6%+5.3%
Q2 2019-2.1%-6.2%-4.6%
Q1 2019-16.1%-14.9%-22.1%
Q4 2018-9.9%-5.7%-7.8%
Q3 2018+6.7%-7.4%-6.0%
Q2 2018-0.4%-1.6%+1.5%
Q1 2018+26.8%+37.8%+23.5%
Q4 2017-0.6%+0.9%-6.5%
Q3 2017-17.7%-20.1%-20.2%
Q2 2017+1.7%-1.3%-1.6%
Q1 2017-3.4%-0.8%-13.7%
Q4 2016-11.5%-9.3%-4.6%
Q3 2016-6.6%-3.4%+11.8%
Q2 2016+0.3%-0.5%-5.1%
Q1 2016+6.7%
Q4 2015+0.4%
Q3 2015+7.6%
Q2 2015-13.7%
Q1 2015+4.8%
Q4 2014-2.7%
Q3 2014+2.5%
Q2 2014-4.0%
Q1 2014+8.4%
Q4 2013-0.6%
Q3 2013-1.4%
Q2 2013+3.7%
Q1 2013+3.4%
Q4 2011-4.0%
Q1 2011+1.3%
Q1 2012+2.7%
Q4 2009-2.6%
Q3 2011-2.3%
Q2 2011-3.3%
Q4 2010-3.3%
Q3 2010+0.7%
Q1 2010+9.1%

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