NYSE$PLX

Protalix Biotherapeutics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Protalix reported an increase in revenues from selling goods and from license and R&D services, and a decrease in cost of goods sold, research and development expenses, and selling, general and administrative expenses.

Protalix BioTherapeutics reported financial results for the second quarter ended June 30, 2022. The company recorded revenues from selling goods of $3.4 million and revenue from licenses and R&D services of $5.4 million. Net loss for the quarter was approximately $5.3 million, or $0.11 per share.

  • Revenues from selling goods increased by 6% to $3.4 million.
  • Revenue from licenses and R&D services increased by 69% to $5.4 million, primarily from the Chiesi Agreements.
  • Cost of goods sold decreased by 13% to $4.1 million due to decreased manufacturing costs.
  • Net loss decreased to $5.3 million, or $0.11 per share, compared to $11.2 million, or $0.25 per share for the same period in 2021.

Headline financials

Total Revenue

$8.75M

Previous: $6.43M+36.2%
EPS (adj)

-$0.11

Previous: -$0.25+56.0%
Capital Expenditures

-$357K

Previous: -$667K+46.5%
Free Cash Flow

-$5.69M

Previous: -$11.9M+52.2%
Net Income

-$5.33M

Previous: -$11.2M+52.5%
Operating Income

-$5.52M

Previous: -$9.17M+39.7%
Gross Profit

$4.67M

Previous: $1.69M+175.4%
Cash & Equivalents

$12.5M

Previous: $33.9M-63.1%
Total Assets

$60.6M

Previous: $108M-44.0%
Stock-Based Comp

$288K

Previous: $578K-50.2%

Revenue & EPS history

Protalix · Revenue · Quarterly

$8.75M

Q2 2022+36.2%vs Q2 2021
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

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 Q2 2022

Historical avgQ2 2022

-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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