NASDAQ$PMVP

Pmv Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

PMV Pharma reported financial results for Q3 2022 and provided a corporate update.

PMV Pharmaceuticals reported their Q3 2022 financial results, highlighting the continued advancement of the PYNNACLE study evaluating PC14586 and plans for the initiation of a clinical trial of PC14586 in combination with KEYTRUDA.

  • Continued enrollment in the Phase 1/2 PYNNACLE trial of PC14586 in patients with advanced solid tumors.
  • On track to initiate Phase 1b trial evaluating PC14586 in combination with KEYTRUDA in Q4 2022.
  • Carol Gallagher, Pharm.D. appointed to the Board of Directors.
  • Cash, cash equivalents, and marketable securities totaled $258.9 million as of September 30, 2022.

Headline financials

EPS (adj)

-$0.40

Previous: -$0.33-21.2%
Capital Expenditures

$2.05M

Previous: $501K+309.2%
Free Cash Flow

-$18.8M

Previous: -$12.9M-45.8%
Net Income

-$18.2M

Previous: -$15M-21.4%
Operating Income

-$19.4M

Previous: -$15.1M-28.3%
Cash & Equivalents

$99.9M

Previous: $177M-43.5%
Total Assets

$285M

Previous: $344M-17.2%
Stock-Based Comp

$2.45M

Previous: $1.8M+36.3%

Revenue & EPS history

PMV Pharma · Revenue · Quarterly

$0

Q4 2025

Forward guidance

The company is focused on advancing PC14586 and initiating a combination trial with KEYTRUDA.

Tailwinds

  • Continued enrollment in PYNNACLE study.
  • Planned update in the first half of 2023 for PYNNACLE study.
  • On track to initiate Phase 1b trial evaluating PC14586 in combination with KEYTRUDA in Q4 2022.
  • Observed promising, preliminary tumor-agnostic clinical efficacy with PC14586 monotherapy.
  • Exploration of potential synergy between PC14586 and KEYTRUDA to improve patient outcomes.

Headwinds

  • Success of clinical trials is subject to risks and uncertainties.
  • Ability to execute on strategy and operate as an early clinical stage company is subject to risks.
  • Clinical trials of PC14586 may differ from preclinical, preliminary or expected results.
  • The Company's ability to fund operations is subject to risks.
  • The impact that the current COVID-19 pandemic will have on the Company’s clinical trials, supply chain, and operations is a risk.

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 2022

Historical avgQ3 2022

+2.7%

Avg return

Earnings day

+3.4%

Avg return

5 days after

-1.3%

Avg return

30 days after

67%

14 / 21 earnings

Positive

+29.5%

Q2 2023

Best reaction

-18.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.0%+8.0%-10.7%
Q3 2025+8.5%+6.8%-7.5%
Q2 2025-4.1%-6.6%-3.9%
Q1 2025+4.2%+7.5%+28.9%
Q4 2024-3.6%-10.2%-27.0%
Q3 2024+4.8%+0.6%-4.2%
Q1 2024-5.6%-0.9%-23.1%
Q4 2023+3.9%+3.9%-6.1%
Q3 2023+7.5%+19.9%+24.2%
Q2 2023+29.5%+20.0%-10.8%
Q1 2023+11.9%+14.7%+8.5%
Q4 2022-18.1%-19.6%-33.8%
Q3 2022-3.7%+11.2%-2.6%
Q2 2022+0.4%-1.3%-17.6%
Q1 2022+2.2%+9.0%-13.7%
Q4 2021+10.3%+1.3%+31.4%
Q3 2021+0.4%+2.4%-1.6%
Q2 2021-1.2%-5.2%-10.2%
Q1 2021+12.7%+15.6%+18.5%
Q4 2020+0.7%-0.7%-5.9%
Q3 2020-5.1%-5.2%+40.3%
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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