NASDAQ$PBYI
Puma Biotechnology Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a net loss and a decrease in product revenue compared to the same quarter last year, while initiating a Phase II clinical trial for alisertib.
Puma Biotechnology reported a net loss of $4.8 million for Q1 2024, compared to a net income of $1.4 million in Q1 2023. Product revenue decreased to $40.3 million from $46.8 million year-over-year. The company initiated a Phase II clinical trial of alisertib monotherapy for extensive stage small cell lung cancer.
- Net product revenue for Q1 2024 was $40.3 million, down from $46.8 million in Q1 2023.
- GAAP net loss was $4.8 million, or $0.10 per share, compared to a net income of $1.4 million, or $0.03 per share, in the prior year.
- Non-GAAP adjusted net loss was $2.4 million, or $0.05 per share, compared to non-GAAP adjusted net income of $4.2 million, or $0.09 per share, in the prior year.
- Net cash provided by operating activities was $11.3 million, compared to $2.6 million in the first quarter of 2023.
Headline financials
Revenue & EPS history
Puma Biotechnology · Revenue · Quarterly
$43.8M
Revenue by segment
Puma Biotechnology · $56.1M total across 2 segments · Q3 2023
- Product Revenue, Net$51.6M—92.0%
- Royalty Revenue$4.5M+60.7%8.0%
Forward guidance
Puma Biotechnology provides financial outlook for the second quarter and full year 2024.
Tailwinds
- Net Product Revenue: $43 - $45 million (Q2 2024)
- Royalty Revenue: $2.5 - $3 million (Q2 2024)
- Net Product Revenue: $183 - $190 million (Full Year 2024)
- Royalty Revenue: $30 - $33 million (Full Year 2024)
- License Revenue: $1 - $2 million (Full Year 2024)
Headwinds
- Net Income/(Loss): $(6) - $(9) million (Q2 2024)
- Gross to Net Adjustment: 22% - 23% (Q2 2024)
- Net Income/(Loss): $12 - $15 million (Full Year 2024)
- Gross to Net Adjustment: 21.5% - 22.5% (Full Year 2024)
- License Revenue: $0 million (Q2 2024)
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 2024
-1.6%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+4.4%
Avg return
30 days after
47%
21 / 45 earnings
Positive
+36.4%
Q4 2018
Best reaction
-45.8%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | -6.0% | -5.8% | |
| Q4 2025 | -25.1% | -15.8% | -20.0% | |
| Q3 2025 | +21.8% | +1.8% | +8.2% | |
| Q1 2025 | -4.6% | -5.5% | +21.2% | |
| Q4 2024 | +19.7% | +18.4% | +5.0% | |
| Q3 2024 | -5.9% | +4.9% | +2.0% | |
| Q2 2024 | +6.7% | +12.3% | -30.4% | |
| Q1 2024 | -1.8% | -4.0% | -22.2% | |
| Q4 2023 | -10.8% | -21.5% | -19.7% | |
| Q3 2023 | +4.9% | +9.4% | +41.5% | |
| Q2 2023 | +5.8% | +13.3% | +2.5% | |
| Q1 2023 | +19.8% | +19.4% | +35.0% | |
| Q4 2022 | -20.1% | -26.6% | -23.1% | |
| Q3 2022 | +25.5% | +50.9% | +106.0% | |
| Q2 2022 | +23.5% | +17.4% | -17.0% | |
| Q1 2022 | -19.1% | -26.0% | -4.9% | |
| Q4 2021 | +13.5% | +25.7% | +34.2% | |
| Q3 2021 | -39.1% | -42.2% | -54.6% | |
| Q2 2021 | +3.6% | +3.6% | +7.9% | |
| Q1 2021 | +1.6% | -0.8% | +17.0% | |
| Q4 2020 | -11.9% | -11.9% | -12.6% | |
| Q3 2020 | -11.0% | +1.3% | +31.8% | |
| Q2 2020 | -5.7% | -7.9% | -11.6% | |
| Q1 2020 | +11.2% | +23.1% | +6.4% | |
| Q4 2019 | -2.4% | -18.8% | -43.9% | |
| Q3 2019 | +4.2% | +18.0% | +9.1% | |
| Q2 2019 | +26.7% | +25.8% | +22.1% | |
| Q1 2019 | -38.6% | -41.5% | -53.9% | |
| Q4 2018 | +36.4% | +35.3% | +35.9% | |
| Q3 2018 | -45.8% | -39.5% | -37.3% | |
| Q2 2018 | -7.5% | -7.1% | -2.1% | |
| Q1 2018 | -19.0% | -18.9% | -24.3% | |
| Q4 2017 | +8.7% | +16.7% | +4.1% | |
| Q3 2017 | -22.2% | -24.3% | -23.9% | |
| Q2 2017 | -11.6% | -1.7% | +28.0% | |
| Q1 2017 | +1.5% | +4.3% | +163.9% | |
| Q4 2016 | -10.6% | -8.3% | +1.4% | |
| Q3 2016 | +21.3% | -0.5% | -9.4% | |
| Q3 2015 | -9.6% | — | — | |
| Q1 2015 | +2.0% | — | — | |
| Q4 2014 | -3.3% | — | — | |
| Q1 2013 | +3.7% | — | — | |
| Q3 2012 | -6.4% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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