NASDAQ$TBPH

Theravance Biopharma Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Theravance Biopharma reported first quarter 2023 financial results, with YUPELRI retail new patient starts growing and a Phase 3 study for ampreloxetine initiated.

Theravance Biopharma reported first quarter 2023 financial results, highlighting a focus on commercial and development efforts. YUPELRI retail new patient starts grew by 61% and the company initiated enrollment for the CYPRESS Phase 3 study for ampreloxetine.

  • YUPELRI retail new patient starts grew by 61% and achieved a sixth consecutive quarter of record highs.
  • Initiated enrollment for CYPRESS, the Phase 3 study for ampreloxetine.
  • The company is positioned to drive an acceleration in YUPELRI performance.
  • Completing enrollment in CYPRESS during the second half of 2024 and provide guidance on timing for top-line results as enrollment progresses.

Headline financials

Total Revenue

$10.4M

Previous: $13.2M-21.1%
EPS (adj)

-$0.24

Previous: -$0.22-9.1%
Free Cash Flow

-$22.1M

Previous: -$25.9M+14.9%
Net Income

-$22.1M

Previous: -$25.9M+14.9%
Operating Income

-$24.9M

Previous: -$38.5M+35.3%
Gross Profit

$200K

Previous: $11.7M-98.3%
Cash & Equivalents

$332M

Previous: $94.4M+251.3%
Total Assets

$539M

Previous: $355M+51.6%
Stock-Based Comp

$7.02M

Previous: $14.5M-51.7%

Revenue & EPS history

Theravance · Revenue · Quarterly

$10.4M

Q1 2023-21.1%vs Q1 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Theravance · $19.4K total across 1 segment · Q3 2022

  • YUPELRI
    $19.4K

Forward guidance

Theravance Biopharma is focused on driving YUPELRI performance and completing the ampreloxetine study while returning capital to shareholders.

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

-0.4%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

26 / 49 earnings

Positive

+22.6%

Q3 2025

Best reaction

-20.0%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.9%+2.0%
Q1 2026+0.4%-2.8%-3.8%
Q3 2025+22.6%+15.3%+17.2%
Q2 2025+4.2%+14.2%+20.0%
Q1 2025-9.0%-15.1%+13.6%
Q4 2024+2.1%+0.2%+1.7%
Q3 2024+6.6%+4.8%+8.7%
Q2 2024-18.8%-20.5%-16.6%
Q1 2024+0.1%-1.0%-7.9%
Q4 2023+7.9%+5.1%+0.3%
Q3 2023+2.8%+1.3%+6.3%
Q2 2023-2.1%+0.2%-4.0%
Q1 2023+0.4%-0.3%-1.4%
Q4 2022+9.4%+2.0%+8.6%
Q3 2022+4.0%+13.2%+7.4%
Q2 2022-5.4%-2.6%+1.4%
Q1 2022-9.5%-10.5%-12.0%
Q4 2021+6.3%+7.8%+4.0%
Q3 2021+7.1%+12.7%-2.1%
Q2 2021-5.9%-5.9%-36.4%
Q1 2021-1.5%-0.6%-15.6%
Q4 2020-3.3%-8.4%+10.7%
Q3 2020-13.4%-3.6%-12.0%
Q2 2020-11.9%-15.8%-15.8%
Q1 2020-2.5%+3.8%-6.7%
Q4 2019-10.5%+0.6%+0.7%
Q3 2019+0.9%+3.3%+23.3%
Q2 2019+6.4%-0.1%+10.8%
Q1 2019-11.8%-12.8%-37.8%
Q4 2018+1.0%-0.5%-7.0%
Q3 2018-1.5%+7.5%+14.1%
Q2 2018+17.3%+20.3%+21.0%
Q1 2018+5.4%+7.2%+1.1%
Q4 2017-8.4%+0.7%-15.7%
Q3 2017-4.3%-0.7%-10.6%
Q2 2017-20.0%-19.3%+3.8%
Q1 2017+1.5%-4.6%-3.4%
Q4 2016+1.0%+5.9%+22.2%
Q3 2016+17.6%+32.1%+17.6%
Q2 2016+3.0%+6.2%+15.6%
Q1 2016+5.1%
Q4 2015-0.3%
Q3 2015-1.5%
Q2 2015+0.4%
Q1 2015+3.0%
Q4 2014-6.9%
Q3 2014-1.9%
Q2 2014-7.5%
Q1 2014-2.6%
Q3 2013
Q2 2013
Q4 2012
Q3 2012

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