The chart below shows how BCRX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BCRX sees a +2.24% change in stock price 10 days leading up to the earnings, and a +1.43% change 10 days following the report. On the earnings day itself, the stock moves by +0.04%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Impressive Revenue Growth: Growing ORLADEYO quarterly revenue year-over-year by nearly 36%, now four years from approval is amazing.
Quarterly Operating Profit: We achieved an operating profit for the quarter of $24.9 million, excluding non-cash stock comp, and even when including non-cash stock comp, we made an operating profit of $7.7 million.
Cash Flow Improvement: Cash at the end of the quarter was up $351.7 million and we had positive net cash flow for the quarter of over $13 million.
Revenue Guidance Adjustment: We are tightening our revenue guidance for 2024 to $430 million to $435 million, the upper end of our prior range.
RAPIVAB Revenue Expectations: We expect to see significant near-term revenues for RAPIVAB, with nearly $7 million in API orders for our Southeast Asia partners for Q4.
Negative
Quarterly Revenue Overview: Total revenue for the quarter was $117.1 million, with $116.3 million of that coming from ORLADEYO, indicating a slight decline in growth compared to previous quarters.
Operating Expenses Increase: Operating expenses, not including non-cash stock compensation for the quarter were $92.2 million, which is a significant increase from prior periods.
Operating Expenses Impact Profitability: GAAP operating expenses came in at $109.4 million, reflecting higher costs that could impact profitability.
Operating Profit Analysis: The company achieved an operating profit for the quarter of $24.9 million, excluding non-cash stock compensation, which is lower than expected given the revenue growth.
Cash Flow Concerns: Cash at the end of the quarter was up $351.7 million, but the company is expecting cash flow to be negative in Q4 and Q1, indicating potential liquidity issues.
BioCryst Pharmaceuticals, Inc. (BCRX) Q3 2024 Earnings Call Transcript
BCRX.O
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