NASDAQ$ROIV

Roivant Sciences Ltd · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Roivant Sciences reported financial results for the first quarter ended June 30, 2022.

Roivant Sciences reported its financial results for the first quarter ended June 30, 2022. VTAMA launch showed strong early signals with approximately 14,000 prescriptions in the first eleven weeks. Positive topline results were reported from Torii Pharmaceutical and Japan Tobacco's study of tapinarof in atopic dermatitis.

  • VTAMA launch showed approximately 14,000 prescriptions written in the first eleven weeks.
  • Positive Phase 3 data reported by Dermavant's Japanese partner for tapinarof in atopic dermatitis.
  • Enrollment in Priovant's SLE trial is expected to complete in August 2022.
  • Amy Mahery joined Roivant as Chief Commercial Officer.

Headline financials

Total Revenue

$21.6M

Previous: $4.32M+400.7%
EPS (adj)

-$0.48

Previous: -$0.37-29.7%
G&A expenses

$149M

Previous: $82.8M+80.1%
R&D expenses

$136M

Previous: $78.6M+72.8%
Capital Expenditures

-$403K

Previous: -$7.46M+94.6%
Free Cash Flow

-$292M

Previous: -$339M+13.9%
Net Income

-$292M

Previous: -$332M+12.1%
Operating Income

-$276M

Previous: -$282M+2.1%
Gross Profit

$4.32M

Previous: $7.74M-44.2%
Cash & Equivalents

$1.43B

Previous: $1.94B-26.2%
Total Assets

$2.14B

Previous: $2.6B-17.8%
Stock-Based Comp

$72.8M

Previous: $19.3M+277.8%

Revenue & EPS history

Roivant Sciences · Revenue · Quarterly

$21.6M

Q1 2023+400.7%vs Q1 2022
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

Roivant provided updates on the VTAMA launch, clinical development, and drug discovery.

Tailwinds

  • Dermavant expects to provide updates on the commercial launch of VTAMA for psoriasis on a periodic basis.
  • Dermavant expects to report topline data from the Phase 3 trials of VTAMA for the treatment of atopic dermatitis in the first half of calendar year 2023.
  • Priovant plans to announce topline results from the potentially registrational trial evaluating brepocitinib for the treatment of patients with SLE in the second half of calendar year 2023.
  • Immunovant plans to initiate two pivotal trials to evaluate batoclimab for the treatment of thyroid eye disease in the second half of calendar year 2022, with topline results expected in the first half of calendar year 2025.
  • Hemavant plans to announce data from the ongoing open-label Phase 1/2 trial evaluating RVT-2001 for the treatment of transfusion-dependent anemia in lower-risk MDS patients in the second half of calendar year 2023.

Headwinds

  • Kinevant plans to report topline data from the ongoing Phase 2 trial of namilumab for the treatment of sarcoidosis in the first half of calendar year 2024.

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 2023

Historical avgQ1 2023

+3.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.4%

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%
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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