NASDAQ$RVPH

Reviva Pharmaceuticals Holdi · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter results and recent business highlights.

Reviva Pharmaceuticals reported a net loss of $3.5 million for the third quarter of 2022. As of September 30, 2022, the Company’s cash totaled approximately $23.2 million.

  • Over 30% enrollment in ongoing global, pivotal Phase 3 RECOVER trial
  • Topline data for Phase 3 RECOVER trial evaluating brilaroxazine for schizophrenia still expected mid-2023
  • Cash totaled $23.2M Million as of September 30, 2022
  • Announced $8.5 million registered direct offering and concurrent private placement in September 2022

Headline financials

EPS (adj)

-$0.18

Previous: -$0.12-50.0%
Net Income

-$3.5M

Previous: -$2.28M-53.5%
Operating Income

-$3.56M

Previous: -$2.48M-43.9%
Cash & Equivalents

$23.2M

Previous: $33.5M-30.7%
Total Assets

$24M

Previous: $33.9M-29.1%
Stock-Based Comp

$40.6K

Previous: $27.6K+47.1%

Revenue & EPS history

Reviva · Revenue · Quarterly

$0

Q3 2025

Forward guidance

Reviva anticipates several milestones and events, including enrollment initiation at sites in India for the RECOVER Phase 3 study expected in Q4 2022 and topline data for the pivotal Phase 3 trial evaluating brilaroxazine for the treatment of schizophrenia anticipated in mid-2023.

Tailwinds

  • Enrollment initiation at sites in India for RECOVER Phase 3 study expected in Q4 2022
  • Topline data for pivotal Phase 3 trial evaluating brilaroxazine for the treatment of schizophrenia anticipated in mid-2023
  • May initiate Phase 2a studies in bipolar disorder, MDD, ADHD, PAH and IPF subject to the receipt of non-dilutive financing in 2023
  • Pursuing strategic partnership opportunities for the development of our pipeline
  • Evaluating grant and other non-dilutive financing opportunities for product candidates from Federal and State Healthcare Agencies and Foundations

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 Q3 2022

Historical avgQ3 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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