NYSE$PLX

Protalix Biotherapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Protalix reported an increase in revenue from selling goods, offset by a decrease in R&D revenue, and a net loss for Q3 2021.

Protalix BioTherapeutics reported its Q3 2021 financial results, showing an increase in revenues from selling goods by 36% compared to the same period in 2020. Revenues from license and R&D services remained consistent. The company's net loss for the quarter was $4.2 million, slightly better than the $4.4 million loss in Q3 2020. The company is progressing with its regulatory submissions for PRX-102 and has sufficient capital to fund operations through milestones in 2022.

  • Revenues from selling goods increased by 36% to $4.5 million compared to Q3 2020.
  • Revenues from license and R&D services were $7.5 million.
  • Net loss for the quarter was $4.2 million, an improvement from the $4.4 million loss in Q3 2020.
  • The company anticipates resubmitting the PRX-102 BLA to the FDA in the second half of 2022 and submitting an MAA to the EMA in the first quarter of 2022.

Headline financials

Total Revenue

$12.1M

Previous: $10.8M+11.7%
EPS (adj)

-$0.09

Previous: -$0.14+35.7%
Capital Expenditures

-$1.01M

Previous: -$380K-166.1%
Free Cash Flow

-$5.21M

Previous: -$4.82M-8.2%
Net Income

-$4.2M

Previous: -$4.44M+5.4%
Operating Income

-$1.89M

Previous: -$2.58M+27.0%
Gross Profit

$8.35M

Previous: $7.92M+5.4%
Cash & Equivalents

$10.6M

Previous: $13.5M-21.4%
Total Assets

$83.5M

Previous: $72.3M+15.5%
Stock-Based Comp

$563K

Previous: $1.41M-60.2%

Revenue & EPS history

Protalix · Revenue · Quarterly

$12.1M

Q3 2021+11.7%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

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

  • License & R&D
    $3.18M

Forward guidance

Protalix anticipates resubmitting the PRX-102 BLA to the FDA in the second half of 2022 and submitting an MAA to the EMA in the first quarter of 2022.

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 Q3 2021

Historical avgQ3 2021

-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%

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