NASDAQ$RIGL

Rigel Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a net loss due to increased research and development costs related to the ongoing Phase 3 clinical trial of fostamatinib for the treatment of hospitalized patients with COVID-19, as well as increased commercial activities, including the recent sales force expansion.

Rigel Pharmaceuticals reported a net loss of $21.0 million, or $0.12 per basic and diluted share, with total revenues of $21.5 million. TAVALISSE net product sales were $16.0 million, a decrease of 2% from the same period in 2020.

  • Net loss of $21.0 million, or $0.12 per basic and diluted share.
  • Total revenues were $21.5 million.
  • TAVALISSE net product sales were $16.0 million, a decrease of 2% from the same period in 2020.
  • Completed enrollment of pivotal FORWARD study in wAIHA, with anticipated data readout in mid-2022.

Headline financials

Total Revenue

$21.5M

Previous: $18.4M+17.2%
EPS (adj)

-$1.20

Previous: -$0.80-50.0%
TAVALISSE Net Sales

$16M

No prior period
Capital Expenditures

-$648K

Previous: -$758K+14.5%
Free Cash Flow

-$21.6M

Previous: -$11.3M-91.7%
Net Income

-$21M

Previous: -$10.5M-99.4%
Operating Income

-$19.8M

Previous: -$13.8M-43.6%
Gross Profit

$21.4M

Previous: $18.2M+17.2%
Cash & Equivalents

$30.4M

Previous: $36.6M-16.9%
Total Assets

$187M

Previous: $123M+51.6%
Stock-Based Comp

$2.2M

Previous: $1.88M+16.9%

Revenue & EPS history

Rigel · Revenue · Quarterly

$21.5M

Q3 2021+17.2%vs Q3 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Rigel · $4.5M total across 1 segment · Q3 2021

  • Collaboration Revenue
    $4.5M

Forward guidance

Rigel anticipates a transformative year in 2022 with pipeline candidates advancing in the clinic and sales force expansion complete.

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 2021

Historical avgQ3 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%

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