NASDAQ$PBYI

Puma Biotechnology Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Puma Biotechnology reported an increase in revenue and a shift from net loss to net income in Q4 2021.

Puma Biotechnology reported financial results for the fourth quarter and year ended December 31, 2021. The company's total revenue for Q4 2021 was $55.4 million, with a net income of $4.2 million, or $0.10 per basic and diluted share. Non-GAAP adjusted net income was $8.4 million, or $0.21 per basic and diluted share.

  • Total revenue for the fourth quarter of 2021 was $55.4 million.
  • Net income for the fourth quarter of 2021 was $4.2 million, or $0.10 per basic and diluted share.
  • Non-GAAP adjusted net income for the fourth quarter of 2021 was $8.4 million, or $0.21 per basic and diluted share.
  • Puma anticipates key milestones over the next 12 months, including FDA meetings and reporting Phase II data from clinical trials.

Headline financials

Total Revenue

$55.4M

Previous: $52.6M+5.3%
EPS (adj)

$0.21

Previous: -$0.14+250.0%
Free Cash Flow

-$5.44M

Previous: -$5.66M+3.9%
Net Income

$4.2M

Previous: -$15M+128.0%
Operating Income

$6.8M

Previous: -$11.3M+160.2%
Gross Profit

$43.5M

Previous: $41.6M+4.4%
Cash & Equivalents

$19M

Previous: $85.3M-77.7%
Total Assets

$227M

Previous: $244M-7.2%
Stock-Based Comp

$4.25M

Previous: $9.47M-55.1%

Revenue & EPS history

Puma Biotechnology · Revenue · Quarterly

$55.4M

Q4 2021+5.3%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Puma Biotechnology · $2.9M total across 1 segment · Q4 2021

  • Royalty Revenue
    $2.9M

Forward guidance

Puma Biotechnology anticipates several key milestones over the next 12 months, including meetings with the FDA and reporting Phase II data from clinical trials.

Tailwinds

  • Conducting a pre-NDA meeting with the FDA to discuss accelerated approval of neratinib in HER2-mutated HR-positive breast cancer (H1 2022).
  • Reporting Phase II data from the cohort of patients in the SUMMIT basket trial of neratinib in HER2-mutated HR-positive breast cancer (H1 2022).
  • Reporting Phase II data from the cohort of patients in the SUMMIT basket trial of neratinib in non-small cell lung cancer patients with EGFR exon 18 mutations (H2 2022).
  • Conducting a meeting with the FDA to discuss the potential for an accelerated approval pathway for neratinib in non-small cell lung cancer patients with EGFR exon 18 mutations who have previously been treated with an EGFR tyrosine kinase inhibitor (2022).
  • Reporting Phase II TBCRC-022 trial data from Cohort 4B and 4C of the combination of Kadcyla® plus neratinib in patients with HER2-positive breast cancer with brain metastases who have previously been treated with Kadcyla (H2 2022).

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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