NASDAQ$PTGX

Protagonist Therapeutics Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2021, and an overview of recent company progress.

Protagonist Therapeutics reported its financial results for the second quarter ended June 30, 2021. The company highlighted the completion of enrollment for the Phase 2 study of rusfertide in polycythemia vera and the upcoming milestones for rusfertide and PN-943.

  • Completed enrollment for Phase 2 study of rusfertide in polycythemia vera.
  • Announced Breakthrough Therapy Designation from the FDA for rusfertide.
  • Shared updated results from the Phase 2 study of rusfertide at the European Hematology Association’s 2021 Virtual Congress.
  • Preparing for Phase 3 study of rusfertide, expected to commence in early 2022.

Headline financials

Total Revenue

$2.27M

Previous: $6.22M-63.6%
EPS (adj)

-$0.69

Previous: -$0.59-16.9%
Capital Expenditures

$500K

No prior period
Free Cash Flow

-$24.2M

No prior period
Net Income

-$30.8M

No prior period
Operating Income

-$30.9M

No prior period
Gross Profit

$2.27M

No prior period
Cash & Equivalents

$192M

No prior period
Total Assets

$404M

No prior period
Stock-Based Comp

$3.94M

No prior period

Revenue & EPS history

Protagonist · Revenue · Quarterly

$2.27M

Q2 2021-63.6%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Protagonist Therapeutics anticipates several catalysts in the near future and into early 2022. They intend to announce a third indication for rusfertide, share data from the clinical proof-of-concept study of rusfertide in hereditary hemochromatosis, and share data from the completed Phase 2 study of rusfertide in polycythemia vera. The company also intends to share data from the Phase 2 study of PN-943 in ulcerative colitis in the second quarter of 2022.

Tailwinds

  • Announcing a third indication for rusfertide.
  • Sharing data from clinical proof-of-concept study of rusfertide in hereditary hemochromatosis.
  • Sharing data from the completed Phase 2 study of rusfertide in polycythemia vera.
  • Preparing diligently for the Phase 3 study of rusfertide.
  • Sharing data from the Phase 2 study of PN-943 in ulcerative colitis in the second quarter of 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 Q2 2021

Historical avgQ2 2021

+3.2%

Avg return

Earnings day

+5.4%

Avg return

5 days after

+8.3%

Avg return

30 days after

51%

20 / 39 earnings

Positive

+75.1%

Q1 2020

Best reaction

-21.2%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-0.2%+3.3%
Q4 2025-0.3%+7.8%+13.3%
Q3 2025-0.2%+6.4%+12.4%
Q1 2025+2.4%+3.2%+22.9%
Q4 2024-7.1%-6.2%+35.6%
Q3 2024-2.9%-9.3%-11.6%
Q2 2024+0.0%+8.2%+17.4%
Q1 2024+4.0%+8.3%+30.5%
Q4 2023+3.0%+8.9%-2.0%
Q3 2023+10.2%+9.0%+22.8%
Q2 2023+3.3%-2.0%+5.2%
Q1 2023+1.5%+3.3%+15.3%
Q4 2022-8.4%-9.9%-25.9%
Q3 2022-0.5%+9.4%+0.4%
Q2 2022+2.2%-1.6%-21.1%
Q1 2022-0.3%-10.3%-6.4%
Q4 2021+7.2%-0.7%-2.3%
Q3 2021+5.0%+7.4%+0.1%
Q2 2021-2.2%-0.4%-0.8%
Q1 2021-0.4%-0.1%+19.3%
Q4 2020+3.5%+2.8%-11.4%
Q3 2020+14.2%+6.6%+11.0%
Q2 2020+8.3%+2.3%+23.8%
Q1 2020+75.1%+97.4%+98.0%
Q4 2019-4.8%+5.1%-7.6%
Q3 2019-19.3%-14.2%-37.5%
Q2 2019+0.8%-2.9%+60.6%
Q1 2019+20.8%+16.3%+31.4%
Q4 2018+0.1%+22.3%+22.2%
Q3 2018+14.1%+22.3%-14.6%
Q2 2018-1.8%-6.4%-18.1%
Q1 2018-21.2%-22.4%-13.5%
Q4 2017-2.0%+1.4%-57.5%
Q3 2017+8.9%+16.2%+25.2%
Q2 2017-7.7%-4.4%+33.6%
Q1 2017+10.5%+14.3%+21.1%
Q4 2016-0.6%+0.4%-16.8%
Q3 2016-1.6%+3.4%-16.5%
Q2 2016+9.4%+19.1%+63.8%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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