NASDAQ$SVRA

Savara Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results for Q4 and year-end 2019 and provided a business update.

Savara reported positive results from the IMPALA open-label follow-up, is planning an additional Phase 3 study of Molgradex for aPAP, and announced top-line microbiology data from OPTIMA. The company's net loss for the fourth quarter of 2019 was $31.7 million, or $(0.72) per share.

  • Announced Positive Results from IMPALA Open-Label Follow-Up Period That Demonstrate Continued Improvement After Longer Term Exposure to Molgradex
  • Company Planning an Additional Phase 3 Study of Molgradex for the Treatment of Autoimmune Pulmonary Alveolar Proteinosis (aPAP)
  • Announced Top Line Microbiology Data from OPTIMA, a Phase 2a Clinical Study in Nontuberculous Mycobacterial (NTM) Lung Infection
  • FDA granted Breakthrough Therapy Designation for Molgradex for the treatment of aPAP

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.28

Previous: -$0.29+3.4%
Cash & short-term investments

$122M

No prior period
Net Income

-$31.7M

No prior period
Operating Income

-$31.5M

No prior period
Cash & Equivalents

$49.8M

No prior period
Total Assets

$136M

No prior period

Revenue & EPS history

Savara · Revenue · Quarterly

$0

Q4 2019
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Savara anticipates continuing AVAIL enrollment until Q2 2020, expecting to enroll approximately 140 younger patients, with top-line results anticipated in early 2021. The company also intends to present more comprehensive data from the IMPALA and OPTIMA studies at upcoming scientific conferences and will continue to assess data from the OPTIMA study. Next steps for the NTM program will be determined once results from ENCORE are available.

Tailwinds

  • Molgradex could improve outcomes for patients with aPAP
  • Continue conversations with the FDA
  • Get clarity from the agency regarding the design and endpoints of a second Phase 3 study in aPAP
  • Present more comprehensive data from the IMPALA study at an upcoming scientific conference and/or submit it for consideration in a peer-reviewed journal
  • Submit the full data set from OPTIMA for consideration at an upcoming scientific conference

Headwinds

  • The outcome of ongoing discussions with the FDA
  • Risks and uncertainties associated with the outcome of ongoing and planned clinical trials for our product candidates
  • The ability to project future cash utilization and reserves needed for contingent future liabilities and business operations
  • The availability of sufficient resources for Savara’s operations and to conduct or continue planned clinical development programs
  • The ability to obtain the necessary patient enrollment for our product candidates in a timely manner

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 2019

Historical avgQ4 2019

-1.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+7.5%

Avg return

30 days after

35%

13 / 37 earnings

Positive

+12.5%

Q3 2018

Best reaction

-20.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-1.8%+2.5%
Q4 2025-0.8%+3.4%-3.0%
Q3 2025-4.9%-3.0%+59.8%
Q2 2025+5.5%+18.2%+38.0%
Q1 2025+9.9%+23.7%+13.9%
Q4 2024+4.7%+8.3%+14.4%
Q3 2024-20.1%-26.8%-17.7%
Q2 2024+4.0%+9.3%+8.5%
Q1 2024-6.6%-3.6%-20.6%
Q4 2023-2.2%-9.2%-11.8%
Q3 2023-6.2%-0.5%+12.4%
Q2 2023+4.3%+3.8%-0.8%
Q1 2023+8.5%+31.7%+60.8%
Q4 2022-3.9%-15.8%-7.4%
Q3 2022+5.4%+18.0%+42.3%
Q2 2022+3.0%-0.6%-10.8%
Q1 2022+3.6%+20.0%+28.2%
Q4 2021+5.6%+3.2%-4.8%
Q3 2021-1.7%-3.4%-10.3%
Q2 2021-3.3%-4.1%+17.9%
Q1 2021+1.3%+5.2%+18.8%
Q4 2020-13.6%-3.8%+6.0%
Q3 2020-3.7%+3.7%+32.1%
Q2 2020+0.0%-8.0%-41.0%
Q1 2020-2.5%+2.1%+0.8%
Q4 2019-2.5%+0.4%-10.2%
Q3 2019-7.6%-15.8%+22.1%
Q2 2019-6.5%-3.7%-1.6%
Q1 2019+2.0%+0.5%-7.8%
Q4 2018-4.2%-2.7%+11.5%
Q3 2018+12.5%+2.9%-20.3%
Q2 2018-2.6%-7.6%-2.0%
Q1 2018-5.8%-4.7%+14.9%
Q4 2017-4.5%-1.0%-12.4%
Q3 2017-4.3%+4.4%+49.3%
Q2 2017-3.7%-4.2%+13.3%
Q1 2017-0.5%-7.4%-7.9%
Q3 2016
Q2 2016
Q1 2016
Q3 2015
Q2 2015
Q1 2015
Q4 2013
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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