NASDAQ$ROIV

Roivant Sciences Ltd · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Roivant Sciences reported financial results and provided a business update.

Roivant Sciences reported a net loss of $291.3 million for the quarter ended March 31, 2022. The company had $2.1 billion in cash and cash equivalents as of March 31, 2022. VTAMA was approved by the FDA for the treatment of plaque psoriasis.

  • VTAMA approved by FDA for the treatment of plaque psoriasis.
  • Priovant established in partnership with Pfizer to develop brepocitinib for autoimmune diseases.
  • Roivant reported $2.1B in cash and cash equivalents.
  • Early discovery efforts validated with multiple collaborations.

Headline financials

Total Revenue

$9.22M

No prior period
EPS (adj)

-$0.39

No prior period
G&A expenses

$139M

No prior period
R&D expenses

$135M

No prior period
Capital Expenditures

$6.26M

No prior period
Free Cash Flow

-$154M

No prior period
Net Income

-$291M

No prior period
Operating Income

-$267M

No prior period
Gross Profit

$9.22M

No prior period
Cash & Equivalents

$2.1B

No prior period
Total Assets

$2.59B

No prior period
Stock-Based Comp

$77.2M

No prior period

Revenue & EPS history

Roivant Sciences · Revenue · Quarterly

$9.22M

Q4 2022
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

Roivant expects to provide updates on the commercial launch of VTAMA for psoriasis and report topline data from the Phase 3 clinical trials of VTAMA for the treatment of atopic dermatitis in the first half of calendar year 2023.

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 clinical trials of VTAMA® for the treatment of atopic dermatitis in the first half of calendar year 2023
  • Immunovant plans to initiate two Phase 3 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
  • Immunovant also plans to initiate an additional Phase 3 trial in another indication in the second half of calendar year 2022 and announce two new indications by August 2022
  • Results from the additional cohorts of the batoclimab and atorvastatin drug-drug interaction study are expected to be available by the end of calendar year 2022

Headwinds

  • All product candidates referenced in this press release are investigational and subject to health authority approval.
  • Actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions
  • Those risks set forth in the Risk Factors section of our filings with the changing environment in which new risks emerge from time to time.
  • These forward-looking statements are based upon the current expectations and beliefs of our management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.
  • Except as required by applicable law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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 Q4 2022

Historical avgQ4 2022

+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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