NASDAQ$VYNE

VYNE Therapeutics INC · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Menlo Therapeutics reported financial results for Q1 2020 and provided a corporate update.

Menlo Therapeutics' Q1 2020 revenues totaled $1.8 million, primarily from AMZEEQ sales, marking the company's transition to a commercial entity. The company is awaiting FDA review of FMX103 with a PDUFA date of June 2nd.

  • Revenues totaled $1.8 million due to product sales of AMZEEQ.
  • Gross margin percentage was 85%, favorably impacted by expensed inventory from prior periods.
  • Operating loss was $39.9 million, an increase of $24.0 million compared to the same period last year.
  • Net loss was $40.2 million, or ($0.95) per share, compared to $15.2 million, or ($0.47) per share for the same period last year.

Headline financials

Total Revenue

$1.75M

Previous: $0.00
EPS (adj)

-$3.80

Previous: -$3.24-17.3%
Capital Expenditures

-$42K

Previous: -$11K-281.8%
Free Cash Flow

-$40.3M

Previous: -$18.9M-113.3%
Net Income

-$40.2M

Previous: -$18.9M-113.2%
Operating Income

-$39.9M

Previous: -$19.7M-102.8%
Gross Profit

$1.48M

Previous: $0.00
Cash & Equivalents

$57.6M

No prior period
Total Assets

$161M

No prior period

Revenue & EPS history

VYNE · Revenue · Quarterly

$1.75M

Q1 2020
Beat estimate in 1 of 12 quarters(8%)
ActualEstimate

Revenue by segment

VYNE · $86K total across 1 segment · Q1 2026

  • Royalty revenues
    $86K

Forward guidance

Menlo Therapeutics is focused on expanding its dermatology franchise and leveraging its operational capabilities with two products potentially on the market by the end of the year.

Tailwinds

  • Positive reception to AMZEEQ from physicians and patients.
  • Strong increases in weekly prescriptions from launch through early March.
  • Sales representatives are engaging with healthcare providers virtually.
  • Positive momentum in discussions with payors.
  • License agreement with Cutia Therapeutics provides non-dilutive capital.

Headwinds

  • COVID-19 pandemic and its impact on business operations.
  • Adverse events associated with the commercialization of AMZEEQ.
  • Outcome and cost of clinical trials for current and future product candidates.
  • Additional competition in the acne and dermatology markets.
  • Inability to raise additional capital on favorable terms or at all.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.0%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-13.3%

Avg return

30 days after

52%

17 / 33 earnings

Positive

+23.0%

Q4 2021

Best reaction

-38.4%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%
Q4 2025+1.0%-0.2%-0.5%
Q2 2025+0.6%-4.3%-10.6%
Q1 2025-2.4%-20.0%-28.1%
Q4 2024-2.5%-21.3%-34.7%
Q3 2024+1.0%-4.2%-14.4%
Q2 2024+8.8%+8.2%+7.6%
Q1 2024-1.8%+6.3%-17.3%
Q4 2023-4.7%-3.4%+31.8%
Q3 2023+1.7%+11.4%-23.1%
Q2 2023-11.8%-13.7%-26.7%
Q1 2023+20.9%+17.9%-11.9%
Q4 2022-14.7%-21.2%-11.1%
Q3 2022+9.7%+0.0%-15.4%
Q2 2022+5.3%+12.5%-4.6%
Q1 2022+5.0%+8.2%+27.2%
Q4 2021+23.0%+28.7%-8.0%
Q3 2021-1.5%-5.9%+10.3%
Q2 2021-38.4%-42.9%-45.7%
Q1 2021-19.7%-24.8%-95.3%
Q4 2020-9.7%-6.5%-6.5%
Q3 2020-2.6%+0.6%-1.2%
Q2 2020-12.5%-12.2%-26.8%
Q1 2020-7.2%-13.3%+7.2%
Q4 2019+5.8%+42.6%-9.3%
Q3 2019+4.4%+2.6%-21.3%
Q2 2019-8.7%-16.4%+29.8%
Q1 2019-1.3%-2.3%-4.5%
Q4 2018+0.5%+0.2%-7.3%
Q3 2018+1.7%+0.0%-17.8%
Q2 2018+3.4%-2.7%-5.9%
Q1 2018+9.2%+7.2%-11.9%
Q4 2017+4.8%+2.9%-78.1%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016

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