NASDAQ$XERS
Xeris Biopharma Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Achieved record total revenue with strong underlying patient demand and expanded XeriJect collaboration.
Xeris Biopharma reported a strong start to 2023, achieving record total revenue of $33.2 million, a 50% increase compared to Q1 2022. The company ended the quarter with $95.1 million in cash, cash equivalents, and short-term investments and reaffirmed its 2023 revenue and cash guidance.
- Total revenue reached $33.2 million, representing 50% growth compared to Q1 2022.
- Gvoke prescriptions topped 45,000, growing approximately 50% compared to the same period in 2022.
- Keveyis net revenue increased by approximately 37% compared to Q1 2022, driven by higher patient demand.
- Ended Q1 2023 with $95.1 million in cash, cash equivalents, and short-term investments.
Headline financials
Revenue & EPS history
Xeris Biopharma · Revenue · Quarterly
$33.2M
Revenue by segment
Xeris Biopharma · $32.3M total across 3 segments · Q1 2023
- Gvoke$15M-31.4%46.6%
- Keveyis$12.8M-41.8%39.5%
- Recorlev$4.48M-79.6%13.9%
Forward guidance
Xeris Biopharma affirms its 2023 guidance, projecting total revenue between $135 million and $165 million, cash utilization from operating activities between $57 million and $77 million, and year-end cash, cash equivalents, and short-term investments between $45 million and $65 million.
Tailwinds
- Projected total revenue between $135 million and $165 million.
- Targeting cash flow breakeven in the fourth quarter this year.
- Continued growth of Gvoke prescriptions.
- Strong underlying patient demand in all three commercial products.
- Addition of another XeriJect collaboration.
Headwinds
- Cash utilization from operating activities projected between $57 million and $77 million.
- Year-end cash, cash equivalents, and short-term investments projected between $45 million and $65 million.
- Reliance on third-party suppliers, including single-source suppliers.
- Reliance on third parties to conduct clinical trials.
- Potential impacts of financial, operational, economic, competitive, regulatory, governmental, technological, and other factors.
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 Q1 2023
-0.8%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+4.5%
Avg return
30 days after
40%
12 / 30 earnings
Positive
+33.5%
Q1 2020
Best reaction
-21.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.1% | -1.9% | -3.1% | |
| Q4 2025 | -2.0% | -5.1% | -1.3% | |
| Q3 2025 | -21.8% | -24.6% | -34.0% | |
| Q1 2025 | +15.2% | +9.4% | +2.2% | |
| Q4 2024 | +9.5% | +16.4% | +17.0% | |
| Q3 2024 | -2.4% | -6.2% | +9.2% | |
| Q2 2024 | +8.9% | +19.2% | +17.8% | |
| Q1 2024 | -4.9% | +2.7% | +25.9% | |
| Q4 2023 | -20.8% | -26.9% | -33.8% | |
| Q3 2023 | -14.9% | -21.2% | +2.5% | |
| Q2 2023 | -5.6% | -8.4% | -14.1% | |
| Q1 2023 | +22.1% | +20.8% | +22.9% | |
| Q4 2022 | -18.3% | -20.9% | +23.5% | |
| Q3 2022 | +0.0% | -5.3% | -3.3% | |
| Q2 2022 | +7.1% | +11.2% | +7.1% | |
| Q1 2022 | -15.1% | +23.5% | +5.6% | |
| Q4 2021 | +9.3% | +8.1% | -4.5% | |
| Q3 2021 | +6.1% | +26.5% | +13.3% | |
| Q2 2021 | -18.9% | -18.9% | -4.6% | |
| Q1 2021 | +3.3% | +7.8% | +18.6% | |
| Q4 2020 | -8.1% | +1.9% | -9.7% | |
| Q3 2020 | -0.9% | -3.1% | -26.1% | |
| Q2 2020 | -1.8% | +25.1% | +43.6% | |
| Q1 2020 | +33.5% | +62.8% | +100.0% | |
| Q4 2019 | -10.9% | -21.9% | -2.5% | |
| Q3 2019 | -10.1% | -8.2% | -1.9% | |
| Q2 2019 | -1.4% | +5.9% | +5.9% | |
| Q1 2019 | +13.3% | +13.3% | -22.8% | |
| Q4 2018 | -5.8% | -10.4% | -6.2% | |
| Q3 2018 | +5.8% | -9.3% | -13.0% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — |
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