NASDAQ$ROIV

Roivant Sciences Ltd · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Roivant Sciences reported financial results for the first fiscal quarter of 2021 and provided a business update.

Roivant Sciences reported its financial results for the fiscal quarter ended June 30, 2021. The company highlighted the upcoming closing of the business combination with MAAC, the FDA's acceptance of Dermavant's NDA, the dosing of the first patient in a Phase 3 trial, the completion of Datavant's merger with Ciox Health, and a strategic investment in Immunovant.

  • Roivant is on track to close business combination with Montes Archimedes Acquisition Corp. and commence trading on Nasdaq on October 1 under the symbol “ROIV”.
  • Dermavant’s NDA for tapinarof for the treatment of plaque psoriasis accepted for filing by FDA.
  • First patient dosed in Phase 3 Dermavant trial of tapinarof for the treatment of atopic dermatitis.
  • Datavant completed its merger with Ciox Health; Roivant received approximately $320 million in cash and a minority equity stake.

Headline financials

Total Revenue

$4.32M

Previous: $7.74M-44.2%
EPS (adj)

-$0.37

No prior period
G&A expenses

$82.8M

No prior period
R&D expenses

$78.6M

No prior period
Capital Expenditures

-$7.46M

Previous: -$2.34M-218.9%
Free Cash Flow

-$339M

Previous: -$84.5M-301.4%
Net Income

-$332M

Previous: -$82.2M-303.7%
Operating Income

-$282M

Previous: -$154M-82.9%
Gross Profit

$7.74M

No prior period
Cash & Equivalents

$1.94B

Previous: $2B-2.7%
Total Assets

$2.6B

Previous: $2.45B+5.9%
Stock-Based Comp

$19.3M

No prior period

Revenue & EPS history

Roivant Sciences · Revenue · Quarterly

$4.32M

Q1 2022-44.2%vs Q1 2021
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

Roivant anticipates several milestones across its portfolio of companies.

Tailwinds

  • Roivant expects to close its business combination with MAAC and commence trading on Nasdaq on October 1.
  • Dermavant anticipates a decision from the FDA on tapinarof for plaque psoriasis in Q2 2022 and topline data from a Phase 3 trial for atopic dermatitis in H1 2023.
  • Immunovant plans to initiate a pivotal trial for myasthenia gravis in early 2022.
  • Immunovant also plans to announce at least two new indications and submit INDs with trial designs to the FDA over the next 12 months.
  • Aruvant anticipates reporting additional clinical data from the Phase 1/2 trial of ARU-1801 in sickle cell disease patients in H2 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.3%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.0%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+22.1%

Q3 2026

Best reaction

-5.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+14.9%+6.2%+11.4%
Q3 2026+22.1%+26.8%+36.1%
Q2 2026+2.6%-1.6%-1.8%
Q1 2026-2.8%+3.1%+19.8%
Q4 2025+6.4%+5.9%+7.3%
Q4 2024-3.4%+0.0%-1.5%
Q3 2024+4.1%+6.6%-5.9%
Q2 2024+5.6%+1.8%+22.7%
Q1 2024-5.2%-6.1%-3.5%
Q4 2023+9.4%+7.8%+28.8%
Q3 2023+9.7%+8.2%+7.8%
Q2 2023+7.4%-3.1%+39.9%
Q1 2023-5.5%-15.3%-15.8%
Q4 2022-4.1%-5.6%-11.8%
Q3 2021+5.1%-3.2%-25.4%
Q3 2022+5.4%-3.2%-25.4%
Q2 2022-2.4%-4.8%+6.8%
Q2 2021-3.8%-4.8%+6.8%
Q1 2021+0.1%+0.7%-38.7%
Q1 2022+0.0%+0.7%-38.7%

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