NASDAQ$TVRD

Tvardi Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results and operational highlights.

Cara Therapeutics reported fourth-quarter financial results, with a net loss of $33.4 million, or $(0.63) per basic and diluted share, and total revenue of $0.8 million. The company is preparing for the U.S. commercial launch of KORSUVA injection in April 2022 and advancing its Oral KORSUVA platform in multiple pruritus indications.

  • KORSUVA injection U.S. commercial launch is on track for April 2022.
  • Phase 3 programs for Oral KORSUVA in non-dialysis dependent advanced chronic kidney disease and atopic dermatitis are expected to start in 1Q 2022.
  • Christopher Posner was appointed as President and Chief Executive Officer in November 2021.
  • The U.S. Centers for Medicare & Medicaid Services granted Transitional Drug Add-On Payment Adjustment to KORSUVA injection in December 2021.

Headline financials

Total Revenue

$821K

Previous: $112M-99.3%
EPS (adj)

-$0.63

Previous: $1.59-139.6%
Capital Expenditures

$39K

Previous: $167K-76.6%
Free Cash Flow

-$1.28M

Previous: $81.9M-101.6%
Net Income

-$33.4M

Previous: $78.9M-142.3%
Operating Income

-$33.4M

Previous: $78.7M-142.4%
Gross Profit

$422K

Previous: $79.5M-99.5%
Cash & Equivalents

$237M

Previous: $252M-5.8%
Total Assets

$247M

Previous: $271M-8.9%
Stock-Based Comp

$8.78M

Previous: $4.07M+116.1%

Revenue & EPS history

Tvardi Therapeutics · Revenue · Quarterly

$821K

Q4 2021-99.3%vs Q4 2020
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 expects that its existing unrestricted cash and cash equivalents and available-for-sale marketable securities as of December 31, 2021 will be sufficient to fund its currently anticipated operating expenses and capital requirements through 2023, without giving effect to any potential milestone payments under existing collaborations or product revenue from the commercialization of KORSUVA injection.

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 2021

Historical avgQ4 2021

+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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