NASDAQ$RIGL

Rigel Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Rigel reported a net loss for the first quarter of 2022, with TAVALISSE sales increasing compared to the same period in 2021.

Rigel Pharmaceuticals reported a net loss of $27.4 million for the first quarter of 2022. Total revenues were $16.7 million, including $16.2 million in TAVALISSE net product sales. TAVALISSE sales increased by 31% compared to the first quarter of 2021.

  • Rigel delivered a solid quarter of TAVALISSE sales in ITP.
  • The company believes it is well positioned for increasing sales in upcoming quarters.
  • Phase 3 fostamatinib results from wAIHA trial are expected in mid-2022.
  • Addition of fostamatinib as a first-to-market therapy in wAIHA is a key next step in building a world-class hem-onc franchise.

Headline financials

Total Revenue

$16.7M

Previous: $81M-79.3%
EPS (adj)

-$1.60

Previous: $2.20-172.7%
TAVALISSE Net Sales

$16.2M

Previous: $12.4M+30.6%
Capital Expenditures

-$224K

Previous: -$71K-215.5%
Free Cash Flow

-$27.7M

Previous: $39.4M-170.2%
Net Income

-$27.4M

Previous: $39.5M-169.5%
Operating Income

-$26.3M

Previous: $41.8M-162.9%
Gross Profit

$16.6M

Previous: $80.7M-79.4%
Cash & Equivalents

$24.7M

Previous: $20M+23.1%
Total Assets

$149M

Previous: $216M-31.0%
Stock-Based Comp

$3.21M

Previous: $2.64M+21.5%

Revenue & EPS history

Rigel · Revenue · Quarterly

$16.7M

Q1 2022-79.3%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Rigel · $2M total across 1 segment · Q2 2023

  • Collaboration Revenue
    $2M-82.3%

Forward guidance

Rigel is expecting to report Phase 3 fostamatinib results from their wAIHA trial in mid-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 Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.8%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+46.4%

Q3 2024

Best reaction

-18.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-11.8%+2.3%
Q4 2025-10.2%-15.0%-16.6%
Q3 2025-2.6%+10.6%+35.4%
Q1 2025+0.9%+1.9%+17.7%
Q4 2024-8.1%-11.5%-21.9%
Q3 2024+46.4%+80.5%+68.8%
Q2 2024+12.2%+16.0%+52.4%
Q1 2024-18.7%-19.7%-21.3%
Q4 2023+6.1%+6.8%-12.2%
Q3 2023+5.8%-2.4%+35.7%
Q2 2023-6.5%-11.6%-17.4%
Q1 2023-3.4%-0.8%+17.6%
Q4 2022+17.8%+4.6%-17.8%
Q3 2022+5.3%+4.3%+18.6%
Q2 2022+16.5%+25.6%+27.3%
Q1 2022+7.3%-9.8%-32.5%
Q4 2021+21.1%+21.1%+19.1%
Q3 2021-1.7%-8.8%-26.3%
Q2 2021-7.2%-5.2%+3.2%
Q1 2021-5.2%-7.8%+15.7%
Q4 2020-14.3%-14.1%-23.3%
Q3 2020-3.0%+1.5%+14.1%
Q2 2020+3.7%+6.2%-4.5%
Q1 2020-2.2%-2.7%+2.2%
Q4 2019-2.3%+0.5%-27.6%
Q3 2019-1.9%+4.7%-5.1%
Q2 2019+8.1%+1.9%-15.7%
Q1 2019-5.5%-6.7%-14.7%
Q4 2018-0.9%-1.8%+13.7%
Q3 2018+7.2%-2.7%-3.8%
Q2 2018+10.2%+1.1%+16.8%
Q1 2018+5.3%+7.2%-10.0%
Q4 2017+13.5%+14.5%-18.1%
Q3 2017+1.1%+1.6%+2.4%
Q2 2017-1.3%+1.7%+7.6%
Q1 2017-9.9%-9.2%-19.1%
Q4 2016+2.6%+0.8%+14.3%
Q3 2016-3.1%+1.5%-3.5%
Q2 2016+14.3%+22.7%+37.5%
Q1 2016-10.9%
Q4 2015-6.3%
Q3 2015+8.9%
Q2 2015+4.6%
Q1 2015-10.5%
Q4 2014-1.0%
Q3 2014-1.5%
Q2 2014-6.2%
Q1 2014-10.6%
Q4 2013+17.5%
Q3 2013-9.3%
Q2 2013+2.8%
Q1 2013-0.6%
Q4 2012+5.5%
Q3 2012+2.7%
Q2 2012-7.1%
Q1 2012-2.1%
Q4 2009-9.0%
Q4 2011-9.0%
Q3 2010-5.9%
Q3 2011-5.9%
Q2 2010-3.3%
Q4 2010-3.3%
Q2 2011-3.3%
Q1 2011-11.5%
Q1 2010-5.3%

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