NASDAQ$RVPH

Reviva Pharmaceuticals Holdi · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter 2022 financial results and recent business highlights.

Reviva Pharmaceuticals reported a net loss of approximately $7.4 million, or $0.40 per share, for the three months ended March 31, 2022. As of March 31, 2022, the Company’s cash totaled approximately $23.4 million.

  • Hosted key opinion leader (KOL) webinar on brilaroxazine for schizophrenia and other neuropsychiatric disorders.
  • Dosed first patient in pivotal Phase 3 RECOVER study in Feburary to assess the safety and efficacy in patients with schizophrenia
  • Initiated more than a dozen sites across the US, with additional international sites on schedule to launch later this summer in both India and Europe.
  • Topline data for pivotal Phase 3 trial evaluating brilaroxazine for the treatment of schizophrenia anticipated in mid-2023

Headline financials

EPS (adj)

-$0.40

Previous: -$0.10-300.0%
Net Income

-$7.37M

Previous: -$949K-675.8%
Operating Income

-$7.45M

Previous: -$1.87M-298.0%
Cash & Equivalents

$23.4M

Previous: $5.64M+315.0%
Total Assets

$25.3M

Previous: $6.66M+279.5%
Stock-Based Comp

$39.7K

No prior period

Revenue & EPS history

Reviva · Revenue · Quarterly

$0

Q3 2025

Forward guidance

May initiate Phase 2a studies in bipolar disorder, major depressive disorder (MDD), attention deficit hyperactive disorder (ADHD), pulmonary arterial hypertension (PAH) and idiopathic pulmonary fibrosis (IPF) subject to the receipt of additional financing.

Tailwinds

  • Advance clinical development of Reviva’s lead asset, brilaroxazine
  • Initiate Phase 2a studies in bipolar disorder, major depressive disorder (MDD), attention deficit hyperactive disorder (ADHD), pulmonary arterial hypertension (PAH) and idiopathic pulmonary fibrosis (IPF) subject to the receipt of additional financing
  • Pursue strategic partnership opportunities for the development of our pipeline
  • Evaluate grant and other non-dilutive financing opportunities for product candidates from Federal and State Healthcare Agencies and Foundations
  • Company’s cash as of March 31, 2022 will be sufficient to fund its current operating plans through at least March 2023.

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

-1.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+16.7%

Avg return

30 days after

39%

11 / 28 earnings

Positive

+15.8%

Q2 2025

Best reaction

-22.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+9.6%+13.7%+94.3%
Q3 2025-7.3%-7.9%+23.0%
Q2 2025+15.8%+11.4%-5.1%
Q1 2025+4.9%+31.6%-8.1%
Q4 2024+15.0%+16.0%+17.1%
Q3 2024-9.6%+0.8%+108.8%
Q1 2024+0.6%-1.8%-11.8%
Q4 2023-9.8%-18.2%-53.7%
Q3 2023-17.2%-33.6%-37.1%
Q2 2023+3.4%+0.0%+28.8%
Q1 2023+5.4%-0.5%-15.6%
Q4 2022-10.1%-5.2%+47.0%
Q3 2022-22.9%-9.5%-21.6%
Q2 2022+2.8%+4.9%+208.5%
Q1 2022+15.3%+17.1%-20.4%
Q4 2021+0.0%-3.3%+21.1%
Q3 2021-1.3%-10.3%-11.4%
Q2 2021-6.0%-4.9%+18.3%
Q1 2021-0.2%+12.2%-1.2%
Q4 2020-22.3%-22.6%-46.5%
Q3 2020-0.7%
Q2 2020+0.0%
Q1 2020+0.1%
Q4 2019+0.0%
Q3 2019+0.0%
Q2 2019+0.4%
Q1 2018-0.1%
Q4 2018+0.0%
Q3 2018
Q2 2018

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