NASDAQ$TVRD

Tvardi Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Cara Therapeutics reported third quarter financial results, highlighted by net revenue of $16.2 million and profit-sharing revenue of $7.4 million from KORSUVA injection.

Cara Therapeutics reported a net revenue of $16.2 million for Q3 2022, which included $7.4 million in profit-sharing revenue from KORSUVA injection. The company's net loss was $23.2 million, or $(0.43) per basic and diluted share. The company is focused on maximizing the potential of its nephrology and dermatology franchises.

  • Net revenue was $16.2 million for Q3 2022, including profit-sharing revenue of $7.4 million from KORSUVA injection.
  • Strong demand for KORSUVA injection was driven by large dialysis organizations, with approximately 180,000 vials shipped.
  • The FDA meeting is scheduled in Q4 2022 to discuss a potential pivotal program in notalgia paresthetica.
  • Partner in Japan submitted a New Drug Application for the approval of difelikefalin injection, with a decision expected in the second half of 2023.

Headline financials

Total Revenue

$10.8M

Previous: $20.3M-46.7%
EPS (adj)

-$0.43

Previous: -$0.02-2050.0%
Capital Expenditures

-$43K

Previous: -$182K+76.4%
Free Cash Flow

-$23.2M

Previous: -$1.2M-1843.3%
Net Income

-$23.2M

Previous: -$1.01M-2188.3%
Operating Income

-$23.8M

Previous: -$1.12M-2021.4%
Gross Profit

$39K

Previous: $0.00
Cash & Equivalents

$180M

Previous: $193M-7.2%
Total Assets

$214M

Previous: $225M-5.1%
Stock-Based Comp

$3.57M

Previous: $4.39M-18.6%

Revenue & EPS history

Tvardi Therapeutics · Revenue · Quarterly

$10.8M

Q3 2022-46.7%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Tvardi Therapeutics · $8.1M total across 1 segment · Q1 2020

  • Collaboration Revenue
    $8.1M

Forward guidance

Cara Therapeutics expects its current unrestricted cash and cash equivalents and available-for-sale marketable securities will be sufficient to fund its currently anticipated operating plan into the first half of 2024. This guidance assumes KORSUVA revenue profit share contribution consistent with what the Company has reported for the quarter ended September 30, 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 Q3 2022

Historical avgQ3 2022

+1.4%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.6%

Avg return

30 days after

50%

24 / 48 earnings

Positive

+42.3%

Q3 2016

Best reaction

-34.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2024+5.0%-2.5%+11.3%
Q3 2024-4.1%-7.1%-19.1%
Q2 2024-3.9%-4.1%-22.2%
Q1 2024+1.0%+4.7%-5.0%
Q4 2023-4.2%+3.3%-4.5%
Q3 2023+4.3%+4.8%+14.3%
Q2 2023-6.1%-1.9%-31.0%
Q1 2023+11.2%-5.2%-16.0%
Q4 2022-34.9%-41.1%-54.2%
Q3 2022+3.6%+20.8%+35.4%
Q2 2022+4.8%+2.1%-2.8%
Q1 2022+14.7%+4.5%+9.8%
Q4 2021+11.2%+3.2%+17.2%
Q3 2021+1.4%-9.2%-28.5%
Q2 2021+1.6%+8.4%+21.6%
Q1 2021+3.7%+5.1%+10.1%
Q4 2020-7.4%-4.6%+1.6%
Q3 2020+7.7%+10.5%+6.4%
Q2 2020+2.8%-3.9%-8.0%
Q1 2020+6.8%+6.1%+16.1%
Q4 2019-5.2%-6.4%-20.6%
Q3 2019-4.8%+3.9%-20.9%
Q2 2019+8.2%+3.6%+6.0%
Q1 2019-5.1%-6.7%-0.4%
Q4 2018+13.7%+7.2%+13.7%
Q3 2018+0.8%+0.6%-12.5%
Q2 2018+6.0%+9.6%+11.3%
Q1 2018-3.4%+1.5%+30.4%
Q4 2017-9.2%-15.0%-10.1%
Q3 2017+1.2%+2.2%+4.9%
Q2 2017+22.9%+8.1%+4.5%
Q1 2017-7.7%-4.6%+10.3%
Q4 2016-12.3%-10.9%+4.1%
Q3 2016+42.3%+58.9%+61.3%
Q2 2016-1.5%-0.7%-12.5%
Q1 2016-4.3%
Q4 2015-3.8%
Q3 2015+11.9%
Q2 2015+4.0%
Q1 2015-1.6%
Q4 2014+10.2%
Q3 2013-2.1%
Q3 2014-2.1%
Q2 2014-1.8%
Q2 2013-1.8%
Q1 2013-1.7%
Q1 2014-1.7%
Q4 2013-2.7%
Q4 2012
Q3 2012

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