NASDAQ$TBPH

Theravance Biopharma Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial and operational results for the second quarter of 2023.

Theravance Biopharma reported a $2.7 million increase in total revenue for the second quarter compared to the same period in 2022, primarily driven by an increase in YUPELRI net sales. The company completed $80.5 million of share buybacks in Q2 2023 and remains on track to achieve non-GAAP profitability in H2 2023, subject to YUPELRI’s increased net sales growth.

  • YUPELRI achieved good growth in both the hospital and community settings over the prior year.
  • Enrollment in the YUPELRI PIFR-2 study is expected to be completed shortly, with top-line data available late in the fourth quarter of 2023.
  • $80.5 million of share buybacks completed in Q2 2023.
  • Company remains on track to achieve non-GAAP profitability in H2 ’23, subject to YUPELRI’s increased net sales growth.

Headline financials

Total Revenue

$13.7M

Previous: $11.1M+24.4%
EPS (adj)

-$0.13

Previous: -$0.04-225.0%
Free Cash Flow

-$15.6M

Previous: -$8.19M-91.0%
Net Income

-$15.6M

Previous: -$8.19M-91.0%
Operating Income

-$16.1M

Previous: -$26.9M+40.0%
Gross Profit

-$200K

Previous: $8.82M-102.3%
Cash & Equivalents

$106M

Previous: $87.3M+21.0%
Total Assets

$447M

Previous: $361M+23.8%
Stock-Based Comp

$6.26M

Previous: $9.71M-35.5%

Revenue & EPS history

Theravance · Revenue · Quarterly

$13.7M

Q2 2023+24.4%vs Q2 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 expects to complete enrollment in the YUPELRI PIFR-2 study shortly, with top-line data to be available late in the fourth quarter of 2023. The Company expects to disclose top line results in January 2024.

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 Q2 2023

Historical avgQ2 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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