NYSE$PLX

Protalix Biotherapeutics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Protalix reported financial results for Q1 2023, showing a decrease in revenue compared to the same period last year, along with a net loss.

Protalix BioTherapeutics reported a decrease in revenue and a net loss for the first quarter of 2023. The company is awaiting decisions from the European Commission and the FDA regarding PRX-102 and is progressing with the PRX-115 program.

  • Total revenue decreased by 40% to $9.6 million compared to $16.1 million in Q1 2022.
  • Net loss increased to $3.1 million, or $0.05 per share, compared to a net loss of $2.3 million, or $0.05 per share in Q1 2022.
  • Revenues from selling goods decreased by 43% to $5.1 million due to timing differences in sales to Brazil and Pfizer.
  • Revenues from license and R&D services decreased by 37% to $4.5 million, primarily related to the Chiesi Agreements.

Headline financials

Total Revenue

$9.59M

Previous: $16.1M-40.4%
EPS (adj)

-$0.05

Previous: -$0.05+0.0%
Capital Expenditures

-$248K

Previous: -$229K-8.3%
Free Cash Flow

-$3.38M

Previous: -$2.52M-34.4%
Net Income

-$3.13M

Previous: -$2.29M-37.0%
Operating Income

-$2.46M

Previous: -$1.87M-31.5%
Gross Profit

$6.5M

Previous: $10.1M-35.3%
Cash & Equivalents

$33M

Previous: $16.9M+95.6%
Total Assets

$66.6M

Previous: $68.4M-2.7%
Stock-Based Comp

$546K

Previous: $836K-34.7%

Revenue & EPS history

Protalix · Revenue · Quarterly

$9.59M

Q1 2023-40.4%vs Q1 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Protalix · $3.18M total across 1 segment · Q2 2021

  • License & R&D
    $3.18M

Forward guidance

Protalix is awaiting decisions from the European Commission and the FDA regarding PRX-102 and the company is progressing with the PRX-115 program.

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 2023

Historical avgQ1 2023

-1.3%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-5.6%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+15.7%

Q2 2023

Best reaction

-36.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%+0.0%+9.5%
Q4 2025+1.8%-23.7%-16.8%
Q3 2025-10.9%-12.1%-16.4%
Q1 2025+0.0%+2.4%-10.8%
Q4 2024+9.4%+11.2%+16.1%
Q3 2024+12.9%+31.5%+45.2%
Q2 2024-8.7%-7.7%+1.0%
Q1 2024-8.8%-9.6%-10.4%
Q4 2023-12.5%-14.5%-22.4%
Q3 2023-18.9%-27.6%-14.1%
Q2 2023+15.7%+15.7%+13.9%
Q1 2023+3.8%-7.3%-29.8%
Q4 2022+6.6%+12.6%+11.0%
Q3 2022+0.9%+1.9%+10.5%
Q2 2022-0.4%-2.4%-11.4%
Q1 2022+0.9%+7.5%+1.9%
Q4 2021+0.0%+40.0%+10.5%
Q3 2021-3.5%-14.0%-21.9%
Q2 2021+2.2%+0.0%-0.7%
Q1 2021+0.7%-1.0%-24.4%
Q4 2020-5.1%-4.5%-24.7%
Q3 2020-7.9%-9.3%+2.0%
Q2 2020+2.2%+3.3%-6.1%
Q1 2020+2.7%+7.5%+12.3%
Q4 2019-3.0%-5.1%+3.8%
Q3 2019-5.2%-8.7%+34.8%
Q2 2019-36.4%-29.7%-40.5%
Q1 2019-2.7%-6.8%-15.9%
Q4 2018+1.8%-6.1%-12.2%
Q3 2018-5.2%-14.3%-12.2%
Q2 2018-2.0%+0.0%-6.0%
Q1 2018+2.2%+12.5%+15.0%
Q4 2017-1.4%+1.5%-33.8%
Q3 2017-6.6%-1.4%-15.1%
Q2 2017-4.6%-12.3%-4.6%
Q1 2017-6.0%-13.0%-5.4%
Q4 2016-4.7%-14.1%-18.0%
Q3 2016+12.1%+34.1%-26.8%
Q2 2016-1.5%-1.6%-4.7%
Q1 2016-0.6%
Q4 2015+4.7%
Q3 2015-3.8%
Q2 2015+3.8%
Q1 2015+1.4%
Q4 2014-5.4%
Q3 2014-1.5%
Q2 2014-1.3%
Q1 2014-0.5%
Q4 2013-2.5%
Q3 2013+0.2%
Q2 2013+4.3%
Q1 2013-1.1%
Q4 2012+4.0%
Q3 2012+1.3%
Q2 2012+1.4%
Q1 2012+2.8%
Q4 2011-1.5%
Q3 2011+1.3%
Q2 2011-9.7%
Q1 2011-0.8%
Q4 2010-1.3%
Q3 2010-4.4%
Q2 2010+0.1%
Q1 2010+6.2%

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