NASDAQ$TVTX

Travere Therapeutics Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Retrophin reported strong execution across clinical, commercial, and business development disciplines.

Retrophin, Inc. reported a 15% increase in net product sales, reaching $51.1 million for the third quarter of 2020. The company is progressing with its clinical trials for sparsentan in FSGS and IgAN, and has an agreement to acquire OT-58 for classical homocystinuria treatment.

  • Patient enrollment nears completion in the Phase 3 DUPLEX Study for sparsentan in FSGS; topline results expected in Q1 2021.
  • The Phase 3 PROTECT Study of sparsentan in IgAN achieved enrollment of the 280th patient; topline data anticipated in Q3 2021.
  • Agreement announced to acquire OT-58 for the treatment of classical homocystinuria.
  • Net product sales for Q3 2020 were $51.1 million, a 15% increase compared to $44.4 million in Q3 2019.

Headline financials

Total Revenue

$51.1M

Previous: $44.4M+15.2%
EPS (adj)

-$0.11

Previous: -$0.66+83.3%
Capital Expenditures

-$2.93M

Previous: -$286K-923.1%
Free Cash Flow

-$25.5M

Previous: -$36.8M+30.7%
Net Income

-$22.5M

Previous: -$36.5M+38.2%
Operating Income

-$19.4M

Previous: -$34.4M+43.6%
Gross Profit

$50M

Previous: $42.9M+16.5%
Cash & Equivalents

$200M

Previous: $65.2M+207.5%
Total Assets

$692M

Previous: $614M+12.8%
Stock-Based Comp

$5.14M

No prior period

Revenue & EPS history

Travere · Revenue · Quarterly

$51.1M

Q3 2020+15.2%vs Q3 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Travere · $33.9M total across 2 segments · Q3 2023

  • Tiopronin products
    $25.9M+2.0%
  • FILSPARI
    $8.04M

Forward guidance

Retrophin anticipates net product sales for the full year 2020 will exceed the previous guidance of mid-single-digit percentage growth compared to 2019.

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 2020

Historical avgQ3 2020

-0.6%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-0.3%

Avg return

30 days after

49%

25 / 51 earnings

Positive

+16.6%

Q3 2025

Best reaction

-16.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%-5.1%+2.8%
Q4 2025+3.1%+0.1%-8.4%
Q3 2025+16.6%+13.7%+19.4%
Q1 2025+1.6%-2.6%-27.6%
Q4 2024-6.8%-10.8%-12.9%
Q3 2024-1.1%-0.0%+5.9%
Q2 2024-5.7%-6.7%-0.7%
Q1 2024+7.8%+0.6%+25.1%
Q4 2023-0.6%+0.4%-9.2%
Q3 2023-4.7%-16.0%+30.3%
Q2 2023-6.6%-6.7%-10.5%
Q1 2023+5.6%+4.2%+19.7%
Q4 2022+6.9%+6.2%+0.0%
Q3 2022+3.1%+0.5%-12.4%
Q2 2022+16.0%+16.2%+13.5%
Q1 2022-14.2%-13.2%-6.4%
Q4 2021+2.9%+2.1%-3.3%
Q3 2021+10.0%+15.1%+10.8%
Q2 2021-2.4%+0.5%+52.7%
Q1 2021-16.6%-17.4%-41.2%
Q4 2020-5.3%-12.4%-19.0%
Q3 2020+1.6%+11.4%+18.1%
Q2 2020-1.6%-4.1%-4.3%
Q1 2020+7.6%+0.8%-0.9%
Q4 2019-16.7%-10.3%-21.4%
Q3 2019+4.4%+8.0%+20.7%
Q2 2019-11.4%-2.7%-34.0%
Q1 2019-7.9%-5.5%-2.7%
Q4 2018+5.6%+4.3%+7.7%
Q3 2018+0.6%+1.2%-4.4%
Q2 2018-4.4%-4.2%+2.4%
Q1 2018-5.2%-5.7%+11.6%
Q4 2017+5.4%+5.2%-5.8%
Q3 2017-13.4%-16.3%-17.1%
Q2 2017-0.1%+7.6%+15.8%
Q1 2017-4.4%-6.5%-7.1%
Q4 2016+1.5%-0.6%-13.2%
Q3 2016-4.3%-1.2%+8.5%
Q2 2016+1.4%-1.9%-13.6%
Q1 2016+5.2%
Q4 2015-2.8%
Q3 2015-10.0%
Q2 2015+13.0%
Q1 2015+5.8%
Q4 2014+9.5%
Q3 2014-14.4%
Q2 2014-6.2%
Q1 2014+4.9%
Q4 2013+8.4%
Q3 2013-5.8%
Q2 2012-9.9%
Q3 2012
Q1 2012
Q4 2012
Q3 2010

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