BridgeBio Pharma (BBIO) reported its fiscal 2025 Q1 earnings on April 29, 2025. The company's performance fell short of expectations, with a significant widening of net losses compared to the previous year. Despite this, BridgeBio's revenue guidance remains in line, focusing on the continued growth of Attruby and advancements in its pipeline. The company anticipates modest growth in operating expenses for the rest of the year, supported by expected milestones.
Revenue BridgeBio Pharma's revenue for Q1 2025 totaled $116.63 million, marking a 44.8% drop from $211.12 million in Q1 2024. The revenue decline was primarily due to a decrease in license and services revenue, which fell to $79.89 million. Meanwhile, net product revenue, driven by Attruby's U.S. sales, contributed $36.74 million.
Earnings/Net Income The company's earnings per share (EPS) reflected a deeper loss of $0.88, compared to a $0.20 loss in the same quarter last year. BridgeBio's net loss widened to $169.61 million, a 369.0% increase from the $36.16 million loss in Q1 2024. This EPS result signifies a challenging quarter for the company.
Post-Earnings Price Action Review Following the earnings report,
Pharma's stock displayed a mixed response. Short-term investors have a higher probability of gains if earnings reports include revenue figures, with a 3-day win rate of 38.1%, a 10-day rate of 61.9%, and a 30-day rate of 57.1%. For net income, the win rates are slightly better, with short-term investors enjoying a moderate chance of gains. However, EPS figures show lower win rates, suggesting that investors may not benefit as much from reports focusing solely on EPS. Overall, reports that include revenue and net income figures tend to present better prospects for positive returns.
CEO Commentary Neil Kumar, CEO, highlighted the robust performance of Attruby, attributing its success to strong clinical outcomes and safety. He expressed optimism about the company's ongoing trials and emphasized the importance of Attruby's low dropout rates and efficient NDA submissions.
Guidance BridgeBio anticipates maintaining modest growth in quarterly operating expenses for the remainder of 2025, driven by Attruby sales. The company expects Attruby to reach $4.3 billion in peak sales, capturing 30% of a $15 billion market, and aims to achieve further pipeline milestones, including Phase 3 program data readouts within the next year.
Additional News Recently, BridgeBio announced the approval of BEYONTTRA® by the UK Medicines and Healthcare Products Regulatory Agency for treating ATTR-CM, marking a significant milestone in expanding its market presence. The company also appointed Thomas Trimarchi, Ph.D., as President and Chief Financial Officer, reflecting strategic leadership changes. Additionally, BridgeBio priced $500 million aggregate principal amount of convertible senior notes due 2031 to refinance its senior secured debt, underscoring its commitment to managing long-term financial strategies.
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