NASDAQ$RVPH

Reviva Pharmaceuticals Holdi · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reviva reported financial results for the first quarter ended March 31, 2023.

Reviva Pharmaceuticals reported a net loss of approximately $6.6 million, or $0.30 per share, for the three months ended March 31, 2023. The company's cash totaled approximately $11.3 million as of March 31, 2023.

  • Topline data for pivotal Phase 3 RECOVER trial for brilaroxazine in schizophrenia expected mid-2023.
  • Brilaroxazine topical liposomal-gel formulation (brilaroxazine lipogel) demonstrated proof-of-concept efficacy in the imiquimod-induced psoriatic mouse model.
  • IND submission for brilaroxazine lipogel in psoriasis expected in 2024.
  • Over 60% of approximately 400 patients have been enrolled in the pivotal Phase 3 RECOVER study evaluating brilaroxazine for schizophrenia.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.30

Previous: -$0.40+25.0%
Net Income

-$6.6M

Previous: -$7.37M+10.4%
Operating Income

-$6.98M

Previous: -$7.45M+6.2%
Cash & Equivalents

$11.3M

Previous: $23.4M-51.8%
Total Assets

$12.9M

Previous: $25.3M-48.9%
Stock-Based Comp

$51.5K

Previous: $39.7K+29.8%

Revenue & EPS history

Reviva · Revenue · Quarterly

$0

Q1 2023

Forward guidance

Reviva believes that based on the current operating plan and financial resources, the Company’s cash as of March 31, 2023 will be sufficient to fund current operating plans through the third quarter of 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 2023

Historical avgQ1 2023

-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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