NYSE$PLX

Protalix Biotherapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Protalix reported an increase in revenue from selling goods and a decrease in net loss for the fiscal year 2022.

Protalix BioTherapeutics reported financial results for the fiscal year ended December 31, 2022. The company saw an increase in revenues from selling goods, driven by higher sales to Pfizer, Brazil, and Chiesi. Revenue from licenses and R&D services also increased slightly. The company's net loss decreased compared to the previous year.

  • EMA's CHMP adopted a positive opinion for PRX-102 for adult patients with Fabry disease.
  • FDA accepted the resubmitted BLA for PRX-102 for the treatment of adult patients with Fabry disease with an action date of May 9, 2023.
  • BALANCE study met its primary endpoint, demonstrating PRX-102 was statistically non-inferior to agalsidase beta.
  • BRIGHT study results indicate that PRX-102 was well tolerated, and Fabry disease was stable throughout PRX-102 treatment in adult Fabry patients.

Headline financials

Total Revenue

$8.62M

Previous: $8.55M+0.8%
EPS (adj)

-$0.07

Previous: -$0.14+50.0%
Capital Expenditures

$213K

Previous: $448K-52.5%
Free Cash Flow

-$2.82M

Previous: -$5.54M+49.0%
Net Income

-$14.9M

Previous: -$27.6M+45.9%
Operating Income

-$13M

Previous: -$20.5M+36.4%
Gross Profit

$6.22M

Previous: $5.4M+15.2%
Cash & Equivalents

$17.1M

Previous: $39M-56.1%
Total Assets

$55.8M

Previous: $73.7M-24.3%
Stock-Based Comp

$539K

Previous: $418K+28.9%

Revenue & EPS history

Protalix · Revenue · Quarterly

$8.62M

Q4 2022+0.8%vs Q4 2021
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 anticipates a significant year with potential regulatory approvals in Europe and the United States anticipated in May 2023 and continued advancement of its early-stage pipeline.

Tailwinds

  • Potential regulatory approvals in Europe and the United States anticipated in May 2023
  • Continued advancement of our early-stage pipeline

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 Q4 2022

Historical avgQ4 2022

-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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