NASDAQ$URGN

UroGen Pharma Ltd · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

UroGen reported progress both clinically and commercially.

UroGen Pharma reported Q3 2021 financial results, with Jelmyto net product revenue of $11.4 million, representing over 200% growth compared to Q3 2020. The company is initiating a new single-arm Phase 3 study of UGN-102 and is pleased with the strong demand for Jelmyto.

  • Initiated a single-arm Phase 3 study for UGN-102 in low-grade, intermediate-risk, non-muscle invasive bladder cancer.
  • Jelmyto net product revenue reached $11.4 million for Q3 2021.
  • New patient starts in September and October outpaced July and August by nearly 60%.
  • 706 sites have been activated as of November 1, 2021, representing a 73% increase since August 1, 2021.

Headline financials

Total Revenue

$11.4M

Previous: $3.46M+228.0%
EPS (adj)

-$1.35

Previous: -$1.31-3.1%
Capital Expenditures

-$550K

Previous: -$1.04M+47.3%
Free Cash Flow

-$30.8M

Previous: -$29.9M-3.0%
Net Income

-$30.2M

Previous: -$28.8M-4.8%
Operating Income

-$23.4M

Previous: -$29.1M+19.5%
Gross Profit

$10.1M

Previous: $3.15M+220.7%
Cash & Equivalents

$110M

Previous: $24.6M+349.0%
Total Assets

$135M

No prior period
Stock-Based Comp

$5.52M

No prior period

Revenue & EPS history

UroGen · Revenue · Quarterly

$11.4M

Q3 2021+228%vs Q3 2020
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

UroGen · $11.4M total across 1 segment · Q3 2021

  • JELMYTO
    $11.4M+229.4%

Forward guidance

The Company is reducing its anticipated full year 2021 operating expenses to the range of $137 million to $142 million, from $155 million to $165 million, the new guidance includes non-cash share-based compensation expense of $22 to $25 million, subject to market conditions. In addition, the Company is providing full year 2021 revenue guidance of $47 million to $51 million.

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 2021

Historical avgQ3 2021

-1.5%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-4.5%

Avg return

30 days after

50%

17 / 34 earnings

Positive

+22.0%

Q3 2025

Best reaction

-28.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.2%+31.3%+12.6%
Q4 2025-12.4%-5.7%-12.7%
Q3 2025+22.0%+22.4%+19.0%
Q1 2025+7.1%-29.6%-29.7%
Q4 2024+1.0%+12.7%+2.9%
Q3 2024-0.9%+4.8%+0.7%
Q2 2024+3.0%+2.0%-10.1%
Q1 2024+1.8%+3.8%-0.2%
Q4 2023-17.2%-14.0%-13.6%
Q3 2023-1.5%+6.0%+29.6%
Q2 2023+7.1%+8.0%-20.0%
Q1 2023+4.8%+2.2%+1.3%
Q4 2022-11.7%-9.1%+0.0%
Q3 2022-18.8%-17.2%-27.6%
Q2 2022-4.3%-5.5%-11.4%
Q1 2022-2.7%-4.0%+13.1%
Q4 2021-1.9%-4.4%-17.3%
Q3 2021-28.7%-37.0%-46.9%
Q2 2021-1.1%-1.8%+14.1%
Q1 2021-16.3%-2.9%-4.7%
Q4 2020+2.4%-0.3%-5.9%
Q3 2020+0.3%-1.9%-22.8%
Q2 2020+4.4%-0.9%-7.7%
Q1 2020-0.2%+2.8%+13.4%
Q4 2019+6.8%+6.8%-39.5%
Q3 2019+8.0%+9.7%+37.9%
Q2 2019-1.2%-0.7%+2.2%
Q1 2019+3.6%+1.9%-1.7%
Q4 2018+4.1%+3.3%-3.8%
Q3 2018+0.7%+1.0%-0.3%
Q2 2018-10.0%-7.1%-3.7%
Q1 2018+1.8%+6.0%-9.9%
Q4 2017-5.8%-7.5%+3.0%
Q3 2017-3.9%-5.2%-14.2%
Q1 2017
Q4 2016
Q3 2016
Q2 2016

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