NASDAQ$RVPH

Reviva Pharmaceuticals Holdi · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reviva reported full year 2022 financial results and provided recent business highlights.

Reviva Pharmaceuticals reported a net loss of $24.3 million for the year ended December 31, 2022, with cash and cash equivalents totaling $18.5 million. The company believes its cash will be sufficient to fund operating plans through the third quarter of 2023. Topline data for the pivotal Phase 3 trial evaluating brilaroxazine for schizophrenia remains on track for mid-2023.

  • Topline data for pivotal Phase 3 trial evaluating brilaroxazine for the treatment of schizophrenia remains on track for mid-2023.
  • The company completed the majority of non-clinical and clinical prelaunch measures for brilaroxazine New Drug Application (NDA) submission.
  • Positive clinical drug-drug interaction data reinforces a differentiated pharmacological and safety profile for brilaroxazine.
  • Over 50% of approximately 400 patients have been enrolled in the pivotal Phase 3 RECOVER study evaluating brilaroxazine for schizophrenia.

Headline financials

EPS (adj)

-$0.38

Previous: -$0.24-58.3%
Net Income

-$24.3M

Previous: -$8.5M-185.9%
Operating Income

-$7.77M

Previous: -$3.96M-96.1%
Cash & Equivalents

$18.5M

Previous: $29.7M-37.7%
Total Assets

$18.9M

Previous: $31.4M-39.7%
Stock-Based Comp

$56.6K

Previous: $62K-8.8%

Revenue & EPS history

Reviva · Revenue · Quarterly

$0

Q3 2025

Forward guidance

Reviva anticipates topline data for the pivotal Phase 3 trial evaluating brilaroxazine for the treatment of schizophrenia in mid-2023 and may initiate Phase 2a studies in bipolar disorder, major depressive disorder, and attention deficit hyperactive disorder in the second half 2023, subject to the receipt of additional financing.

Tailwinds

  • 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, major depressive disorder, and attention deficit hyperactive disorder in second half 2023, subject to the receipt of additional financing
  • Pursue partnership opportunities for the development of our pipeline
  • Evaluate grant and other non-dilutive financing opportunities for our 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 Q4 2022

Historical avgQ4 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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