NYSE$BHVN

Biohaven Ltd old · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter 2022 financial results and recent business developments.

Biohaven Ltd. reported a net loss of $68.9 million, or $1.75 per share, for the three months ended September 30, 2022. The company launched as a new publicly traded company in October and raised gross proceeds of approximately $301.9 million in a public financing.

  • Biohaven Ltd. began operating as a separate independent entity in connection with the merger agreement with Pfizer Inc. in May 2022.
  • The company closed its underwritten public offering of 28,750,000 common shares at a price of $10.50 per share, raising gross proceeds of approximately $301.9 million.
  • Phase 1 studies for BHV-7000, an activator of Kv7.2/Kv7.3, are advancing.
  • Enrollment commenced in a Phase 3 clinical trial assessing the efficacy and safety of taldefgrobep alfa in SMA.

Headline financials

EPS (adj)

-$1.25

Previous: -$1.91+34.6%
Weighted Avg Shares Outstanding

68.2M

No prior period
Capital Expenditures

$4.52M

Previous: $737K+513.8%
Free Cash Flow

-$100M

Previous: -$114M+11.8%
Net Income

-$68.9M

Previous: -$54.4M-26.6%
Operating Income

-$67.6M

Previous: -$55.5M-21.9%
Cash & Equivalents

$50.7M

Previous: $362M-86.0%
Total Assets

$136M

No prior period
Stock-Based Comp

$17M

Previous: $52.7M-67.7%

Revenue & EPS history

Biohaven · Revenue · Quarterly

$0

Q4 2025
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Forward guidance

Biohaven expects to reach significant pipeline milestones in the coming periods.

Tailwinds

  • Complete Phase 1 studies of BHV-7000 in the first half of 2023 and initiate at least one pivotal trial in patients with epilepsy in the second half of 2023.
  • Complete enrollment in Phase 3 study of troriluzole in OCD in 2023.
  • Provide an update on troriluzole in SCA in the first half of 2023.
  • Continue advancing Phase 3 clinical studies of taldefgrobep alfa in SMA.
  • Continue advancing early discovery portfolio across multiple neuroscience and immunoscience indications.

Historical earnings impact

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

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.5%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+7.7%

Avg return

30 days after

50%

7 / 14 earnings

Positive

+12.6%

Q2 2024

Best reaction

-12.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-9.7%-16.0%-17.0%
Q3 2024-6.5%+0.5%+28.3%
Q3 2025-5.7%+0.5%+28.3%
Q2 2025-9.0%+6.6%-5.0%
Q1 2025+0.0%-3.7%-5.2%
Q4 2024-2.2%-7.1%-36.3%
Q2 2024+12.6%+13.7%+6.7%
Q1 2024-12.5%-8.7%-17.5%
Q4 2023+4.7%+24.0%+15.6%
Q3 2023+1.0%+4.6%+30.9%
Q2 2023+3.1%+3.4%-3.3%
Q1 2023+5.3%+2.2%+72.6%
Q4 2022+10.4%+5.4%+10.8%
Q3 2022+1.2%+2.2%-0.9%
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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