NASDAQ$RIGL

Rigel Pharmaceuticals Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2021, including sales of TAVALISSE.

Rigel Pharmaceuticals reported a net loss of $13.8 million for the second quarter of 2021, with total revenues of $26.3 million, including TAVALISSE net product sales of $17.1 million.

  • TAVALISSE sales are growing as Rigel accesses more clinicians in-person.
  • Rigel is expanding its commercial team to increase impact as physicians and patients return to the clinic.
  • Phase 3 clinical trial of fostamatinib in hospitalized COVID-19 patients is rapidly enrolling.
  • Phase 3 clinical trial of fostamatinib in wAIHA is nearing its enrollment goal.

Headline financials

Total Revenue

$26.3M

Previous: $16M+63.9%
EPS (adj)

-$0.80

Previous: -$1.00+20.0%
TAVALISSE Net Sales

$17.1M

No prior period
Capital Expenditures

-$478K

Previous: -$563K+15.1%
Free Cash Flow

$25.2M

Previous: $3.1M+711.9%
Net Income

$25.7M

Previous: $3.67M+600.3%
Operating Income

-$13M

Previous: -$17.4M+25.0%
Gross Profit

$26.1M

Previous: $15.7M+66.0%
Cash & Equivalents

$84.8M

Previous: $36.5M+132.6%
Total Assets

$202M

Previous: $138M+46.0%
Stock-Based Comp

$2.31M

Previous: $1.76M+31.2%

Revenue & EPS history

Rigel · Revenue · Quarterly

$26.3M

Q2 2021+63.9%vs Q2 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Rigel · $3.7M total across 1 segment · Q2 2021

  • Collaboration Revenue
    $3.7M

Forward guidance

Rigel is well-positioned to execute on several key milestones that have the potential to be important inflection points for the company.

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

+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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