NASDAQ$TRVN

Trevena Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2020, and provided an overview of its 2020 and 2021 year-to-date operational highlights.

Trevena, Inc. reported a net loss attributable to common stockholders of $11.9 million, or $0.08 per share, for the fourth quarter of 2020. Year-end cash and cash equivalents were $109.4 million as of December 31, 2020, which the Company believes will be sufficient to fund the Company’s operating expenses and capital expenditure requirements through the fourth quarter of 2022.

  • OLINVYK™ approved in U.S.; customer-facing teams now fully deployed
  • Primary study completion for TRV027 in COVID-19 patients expected in 1H 2021
  • IND for TRV045 (S1P1 receptor modulator) on track for 1H 2021; focus in epilepsy and neuropathic pain
  • Year-end cash of $109.4M funds operations through YE 2022

Headline financials

Total Revenue

$69K

Previous: $31K+122.6%
EPS (adj)

-$2.00

Previous: -$43.75+95.4%
Capital Expenditures

$27K

No prior period
Free Cash Flow

-$7.16M

No prior period
Net Income

-$11.9M

Previous: -$6.4M-85.5%
Operating Income

-$12M

Previous: -$6.47M-85.7%
Gross Profit

-$113K

Previous: $31K-464.5%
Cash & Equivalents

$109M

Previous: $35.8M+205.6%
Total Assets

$128M

No prior period
Stock-Based Comp

$840K

No prior period

Revenue & EPS history

Trevena · Revenue · Quarterly

$69K

Q4 2020+122.6%vs Q4 2019
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Revenue by segment

Trevena · $69K total across 1 segment · Q4 2020

  • Product Revenue
    $69K

Forward guidance

The Company believes that cash and cash equivalents of $109.4 million as of December 31, 2020, will be sufficient to fund the Company’s operating expenses and capital expenditure requirements through the fourth quarter of 2022.

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 2020

Historical avgQ4 2020

-2.3%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-10.7%

Avg return

30 days after

44%

20 / 45 earnings

Positive

+15.1%

Q2 2020

Best reaction

-43.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2024+9.3%+12.2%-5.1%
Q2 2024-16.0%+6.2%+32.5%
Q1 2024-19.4%-9.3%-16.5%
Q4 2023-19.4%-9.3%-16.5%
Q4 2025+0.0%-9.3%-16.5%
Q3 2023-1.5%-3.2%+1.0%
Q2 2023+3.1%+3.4%-20.9%
Q1 2023+2.9%+14.1%-7.4%
Q4 2022-4.1%+0.4%-11.2%
Q3 2022-43.9%-33.0%-50.0%
Q2 2022+6.3%+5.0%-12.9%
Q4 2021+13.8%+4.1%-32.7%
Q1 2022+13.8%+4.1%-32.7%
Q3 2021-17.1%-21.2%-25.9%
Q2 2021-8.6%-15.0%-10.7%
Q1 2021+2.8%+3.9%-5.0%
Q4 2020-5.9%+5.4%-12.2%
Q3 2020-6.5%-8.8%-8.4%
Q2 2020+15.1%-2.1%-26.9%
Q1 2020+4.0%+21.0%+45.4%
Q4 2019-5.7%-14.4%-41.4%
Q3 2019-20.4%-23.9%-32.1%
Q2 2019+3.3%+0.5%-1.1%
Q1 2019-9.0%-13.5%-32.3%
Q4 2018-0.7%+13.6%+3.4%
Q3 2018+7.2%+10.0%+2.6%
Q2 2018+10.1%+8.8%+21.6%
Q1 2018+8.2%-3.4%-13.0%
Q4 2017+2.0%-5.0%-19.3%
Q3 2017-2.7%+18.7%-4.7%
Q2 2017-2.8%-2.0%-4.0%
Q1 2017-4.1%-6.2%-24.8%
Q4 2016-8.3%-3.5%-17.0%
Q3 2016-8.3%-8.8%+19.1%
Q2 2016+0.1%+2.5%-0.1%
Q1 2016+3.3%
Q4 2015-13.9%
Q3 2015+1.5%
Q2 2015+6.7%
Q1 2015+0.0%
Q4 2014+8.5%
Q3 2014-0.9%
Q2 2014+0.5%
Q1 2014-1.7%
Q4 2013-7.0%
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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