NASDAQ$URGN

UroGen Pharma Ltd · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

UroGen reported financial results for Q3 2022, with JELMYTO® net product revenue increasing by 41% year-over-year and FDA authorization received for an extended in-use period of JELMYTO® admixture.

UroGen Pharma reported its Q3 2022 financial results, highlighting a 41% increase in JELMYTO® net product revenue compared to the same period last year, reaching $16.1 million. The FDA authorized an extension of the in-use period for JELMYTO® admixture, and the company is progressing with its UGN-102 Phase 3 pivotal trial.

  • JELMYTO® net product revenue reached $16.1 million, a 41% increase year-over-year.
  • FDA authorized an extension of the in-use period for JELMYTO® admixture from 8 to 96 hours.
  • Full enrollment of ENVISION Phase 3 pivotal trial with UGN-102 expected by the end of November 2022.
  • NDA submission for UGN-102 anticipated in the first half of 2024.

Headline financials

Total Revenue

$16.1M

Previous: $11.4M+41.8%
EPS (adj)

-$1.13

Previous: -$1.35+16.3%
Capital Expenditures

-$241K

Previous: -$550K+56.2%
Free Cash Flow

-$26.1M

Previous: -$30.8M+15.2%
Net Income

-$25.8M

Previous: -$30.2M+14.5%
Operating Income

-$18.1M

Previous: -$23.4M+22.8%
Gross Profit

$14.1M

Previous: $10.1M+39.3%
Cash & Equivalents

$28.7M

Previous: $110M-74.0%
Total Assets

$128M

Previous: $135M-4.6%
Stock-Based Comp

$2.44M

Previous: $5.52M-55.8%

Revenue & EPS history

UroGen · Revenue · Quarterly

$16.1M

Q3 2022+41.8%vs Q3 2021
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

UroGen · $16.1M total across 1 segment · Q3 2022

  • JELMYTO
    $16.1M+41.2%

Forward guidance

UroGen is focused on advancing its pipeline, particularly UGN-102, and maintaining a disciplined approach to capital preservation.

Tailwinds

  • Expected completion of ENVISION Phase 3 trial enrollment by the end of November 2022.
  • Potential for UGN-102 to transform bladder cancer treatment.
  • Advancing UGN-301 in a Phase 1 clinical trial.
  • FDA authorization to extend JELMYTO’s in-use period for the admixture from 8 hours to 96 hours.
  • Favorable growth trends in JELMYTO's net product revenues.

Headwinds

  • Clinical trial enrollment challenges may impact the expected timing of planned clinical trials.
  • Potential safety and other complications in clinical trials.
  • Risk of not obtaining regulatory approval within the expected timeframe or at all.
  • Complications associated with commercialization activities, including those resulting from the ongoing COVID-19 pandemic.
  • Negative effects on UroGen’s business, commercialization, and product development plans caused by COVID-19 or geopolitical events.

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

-1.5%

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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