NASDAQ$PTGX

Protagonist Therapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Protagonist reported financial results for the second quarter ended June 30, 2022 and provided a corporate update.

Protagonist Therapeutics reported their Q2 2022 financial results, highlighting the continued progress of the Phase 3 VERIFY study of rusfertide in polycythemia vera (PV) and a strong cash position with runway through the end of 2024. The company is also advancing other programs, including PN-235 with Janssen and PN-943, while engaging with regulators for guidance on further clinical development.

  • Continued focus on Phase 3 VERIFY study of rusfertide in polycythemia vera (PV).
  • Presented new, positive data from Phase 2 REVIVE study of rusfertide in PV.
  • Janssen is pursuing multiple clinical studies of PN-235, including two Phase 2 studies in moderate-to-severe plaque psoriasis.
  • Cash position remains strong, with runway through the end of 2024.

Headline financials

Total Revenue

$859K

Previous: $2.27M-62.1%
EPS (adj)

-$0.84

Previous: -$0.69-21.7%
Capital Expenditures

-$563K

Previous: $500K-212.6%
Free Cash Flow

-$41.6M

Previous: -$24.2M-71.9%
Net Income

-$41M

Previous: -$30.8M-33.1%
Operating Income

-$41.4M

Previous: -$30.9M-34.2%
Gross Profit

$16K

Previous: $2.27M-99.3%
Cash & Equivalents

$120M

Previous: $192M-37.5%
Total Assets

$311M

Previous: $404M-23.2%
Stock-Based Comp

$6.81M

Previous: $3.94M+72.9%

Revenue & EPS history

Protagonist · Revenue · Quarterly

$859K

Q2 2022-62.1%vs Q2 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

The company provided forward-looking statements regarding plans to secure a collaborative partner to support further clinical development of PN-943, the clinical development of rusfertide and expectations regarding clinical trial enrollment, expected cash runway and potential milestones related to PN-235.

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 2022

Historical avgQ2 2022

+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

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