NYSE$PLX

Protalix Biotherapeutics Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Protalix BioTherapeutics reported its first quarter 2025 financial and business results, showing increased revenues and progress in clinical trials.

Protalix BioTherapeutics reported a solid first quarter in 2025 with a significant increase in revenues from selling goods. The company is focused on advancing its gout candidate, PRX-115, into a phase II clinical trial later this year, following promising phase I results.

  • Total revenue for Q1 2025 was $10.113 million, an increase from $3.748 million in Q1 2024.
  • Net loss for Q1 2025 was $3.619 million, or $0.05 per share, an improvement from a net loss of $4.595 million, or $0.06 per share, in Q1 2024.
  • The company successfully completed the First-in-Human (FIH) phase I clinical trial of PRX-115, its gout candidate, in 2024.
  • Protalix plans to initiate a phase II clinical trial for PRX-115 in patients with gout during the second half of 2025.

Headline financials

Total Revenue

$10.1M

Previous: $3.75M+169.8%
EPS (adj)

-$0.05

Previous: -$0.06+16.7%
Cost of Revenue

$8.18M

Previous: $2.6M+214.4%
R&D Expenses

$3.48M

Previous: $2.89M+20.4%
SG&A Expenses

$2.6M

Previous: $3.12M-16.4%
Financial Income (Net)

$413K

Previous: $123K+235.8%
Tax Benefit

$113K

Previous: $138K-18.1%
Short-term Deposits

$15.3M

Previous: $15.1M+1.4%
Accounts Receivable

$4.68M

Previous: $2.91M+60.7%
Inventories

$19.5M

Previous: $21.2M-8.2%
Total Current Assets

$60.5M

Previous: $60.1M+0.7%
Capital Expenditures

-$306K

Previous: -$598K+48.8%
Net Income

-$3.62M

Previous: -$4.6M+21.2%
Operating Income

-$4.15M

Previous: -$4.86M+14.6%

Revenue & EPS history

Protalix · Revenue · Quarterly

$10.1M

Q1 2025+169.8%vs Q1 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

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

  • License & R&D
    $3.18M

Forward guidance

Protalix BioTherapeutics is focused on advancing its lead gout candidate, PRX-115, into a Phase II clinical trial in the second half of 2025, building on promising Phase I results. The company also continues to evaluate other pipeline candidates for future development.

Tailwinds

  • Successful completion of the First-in-Human (FIH) phase I clinical trial of PRX-115.
  • Preliminary results of PRX-115 FIH study demonstrate potential for effective uric acid-lowering treatment with wide dosing interval.
  • Plans to initiate a phase II clinical trial for PRX-115 in patients with gout during the second half of 2025.
  • Continued evaluation of additional pipeline candidates, including PRX-119 and early-stage clinical assets.
  • PRX-115 results were presented at the American College of Rheumatology (ACR) Convergence 2024, indicating positive scientific recognition.

Headwinds

  • Further studies are needed to confirm the long-term safety and efficacy of PRX-115.
  • Expectation of minimal revenues from license and R&D services other than potential regulatory milestone payments.
  • Drug discovery and development involve a high degree of risk, and final clinical trial results may differ from preliminary findings.
  • Risks related to the commercialization of Elfabrio®, including market acceptance, competition, reimbursement, and regulatory actions.
  • Potential disruptions to operations due to geopolitical conflicts and instability in the banking industry.

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 2025

Historical avgQ1 2025

-1.3%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-6.0%

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%
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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