NYSE$BHVN

Biohaven Ltd old · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for Q4 2022 and provided a review of recent accomplishments and anticipated upcoming milestones.

Biohaven Ltd. reported a net loss of $201.1 million for the three months ended December 31, 2022. As of December 31, 2022, the company had cash and equivalents of $465.3 million and no debt. The company is focused on advancing its pipeline of therapies for neurological and neuropsychiatric diseases.

  • Acquired exclusive license for oral, brain-penetrant, dual TYK2/JAK1 inhibitor for immune-mediated brain disorders in March 2023 covering global (ex-China) rights.
  • Completed Phase 1 SAD/MAD study with BHV-7000 from Kv7 ion channel activator platform and reported preliminary safety and tolerability data.
  • Commenced enrollment in pivotal Phase 3 study with myostatin targeting agent, adnectin taldefgrobep alfa, for spinal muscular atrophy.
  • Presented preclinical data from IgG degrader, BHV-1300, showing robust reduction of IgG levels.

Headline financials

Total Revenue

-$215M

Previous: $190M-213.2%
EPS (adj)

-$1.27

Previous: -$2.32+45.3%
Capital Expenditures

$300K

Previous: $201K+49.3%
Free Cash Flow

-$75.7M

Previous: -$33.3M-127.6%
Net Income

-$201M

Previous: -$51.9M-287.6%
Operating Income

-$213M

Previous: -$50.9M-319.4%
Cash & Equivalents

$465M

Previous: $76.1M+511.8%
Total Assets

$662M

Previous: $142M+365.8%
Stock-Based Comp

$116M

Previous: $13M+791.6%

Revenue & EPS history

Biohaven · Revenue · Quarterly

-$215M

Q4 2022-213.2%vs Q4 2021
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Forward guidance

Biohaven is progressing its product candidates through clinical programs in a number of common and rare disorders and expects to reach significant pipeline milestones in the coming periods.

Tailwinds

  • Initiate EEG study with BHV-7000 in the first half of 2023
  • Submit IND with BHV-7010 in epilepsy and mood disorders in the second half of 2023
  • Submit IND with BHV-2100 in chronic pain in 2023
  • Commence Phase 1 studies with BHV-8000 in 2023
  • Complete enrollment in Phase 3 study of troriluzole in OCD in 2023

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 Q4 2022

Historical avgQ4 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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro