NASDAQ$TGTX

TG Therapeutics Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

TG Therapeutics reported financial results for the fourth quarter and year ended December 31, 2022, and recent company developments.

TG Therapeutics reported product revenue of approximately zero for the fourth quarter of 2022. R&D expenses were $29.6 million, and SG&A expenses were $22.5 million. The net loss for the quarter was $53.0 million. Cash, cash equivalents and investment securities were $174.1 million as of December 31, 2022.

  • BRIUMVI was approved by the FDA for the treatment of relapsing forms of multiple sclerosis (RMS).
  • BRIUMVI was commercially launched and made available for patients and physicians.
  • Additional data from the ULTIMATE I and II Phase 3 trials were presented at medical conferences.
  • The company anticipates that its cash, cash equivalents and investment securities as of December 31, 2022, will be sufficient to fund planned operations into mid-2024.

Headline financials

Total Revenue

$80K

Previous: $2.32M-96.6%
EPS (adj)

-$0.39

Previous: -$0.70+44.3%
R&D Expense

$29.6M

Previous: $62.6M-52.8%
SG&A Expense

$22.5M

Previous: $32.4M-30.6%
Capital Expenditures

$3K

Previous: $80K-96.3%
Free Cash Flow

-$23.9M

Previous: -$87M+72.6%
Net Income

-$53M

Previous: -$93.3M+43.2%
Operating Income

-$52.1M

Previous: -$92.9M+44.0%
Gross Profit

$77K

Previous: $1.53M-95.0%
Cash & Equivalents

$174M

Previous: $350M-50.3%
Total Assets

$194M

Previous: $380M-49.0%
Stock-Based Comp

$11.1M

Previous: $14.4M-23.0%

Revenue & EPS history

TG Therapeutics · Revenue · Quarterly

$80K

Q4 2022-96.6%vs Q4 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

TG Therapeutics anticipates that its cash, cash equivalents and investment securities as of December 31, 2022, combined with available capacity under its existing term loan facility and projected revenues, will be sufficient to fund the Company’s planned operations into mid-2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+2.7%

Avg return

Earnings day

+5.5%

Avg return

5 days after

+4.1%

Avg return

30 days after

49%

27 / 55 earnings

Positive

+81.0%

Q3 2022

Best reaction

-49.0%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+16.3%+19.4%+11.1%
Q4 2025+4.3%-2.6%+7.0%
Q3 2025-1.0%-7.3%-9.1%
Q1 2025-13.4%-22.6%-14.7%
Q4 2024+14.4%+27.8%+32.3%
Q3 2024-3.9%+7.1%+25.9%
Q2 2024+16.2%+15.7%+24.7%
Q1 2024+20.2%+20.9%+19.3%
Q4 2023+23.8%+28.5%+9.3%
Q3 2023+34.7%+32.6%+78.9%
Q2 2023-49.0%-48.2%-49.4%
Q1 2023+25.5%+38.1%+7.2%
Q4 2022-3.8%+7.8%-8.2%
Q3 2022+81.0%+70.7%+45.7%
Q2 2022+19.4%+33.4%+9.1%
Q1 2022-10.9%+1.4%-24.5%
Q4 2021+4.7%-11.1%-3.6%
Q3 2021+7.9%+5.3%-52.5%
Q2 2021-27.2%-32.8%-15.8%
Q1 2021-6.7%-14.8%-7.2%
Q4 2020-5.0%-3.8%+8.8%
Q3 2020-0.2%+4.4%+5.0%
Q2 2020-12.0%+2.6%+22.3%
Q1 2020+5.9%+2.6%-6.0%
Q4 2019-4.1%-13.6%-32.6%
Q3 2019+1.4%+2.7%+20.6%
Q2 2019+3.3%+0.1%-8.4%
Q1 2019-15.5%-13.4%-8.0%
Q4 2018+0.4%-8.1%+18.2%
Q3 2018+2.5%-1.1%-4.4%
Q2 2018-3.4%-0.4%+0.0%
Q1 2018-3.7%-2.6%+3.7%
Q4 2017+8.5%+10.2%-15.1%
Q3 2017+9.9%+9.3%+12.6%
Q2 2017+1.0%+16.0%+22.0%
Q1 2017+2.5%+11.3%+36.5%
Q4 2016+3.4%+22.5%-10.6%
Q3 2016+1.0%+6.7%-1.9%
Q2 2016-7.6%-0.2%+13.3%
Q1 2016-1.4%
Q4 2015-6.8%
Q3 2015+8.4%
Q2 2015-2.2%
Q1 2015-6.0%
Q3 2014+14.6%
Q1 2012-3.7%
Q2 2012-14.3%
Q4 2011-23.0%
Q3 2011+0.0%
Q2 2011+0.0%
Q1 2011+36.4%
Q4 2010+7.7%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+0.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro