earnings
confidence high
sentiment positive
materiality 0.85
BridgeBio Q2 2022 revenue $73.7M, net loss $9.9M; cash $688.6M; pipeline data positive
BridgeBio Pharma, Inc.
2022-Q2 EPS reported
-$1.41
revenue$75,440,000
- Net loss attributable to common stockholders of $9.9M ($0.07 per share) vs $96.3M loss a year ago; revenue $73.7M from NULIBRY and licensing.
- Cash and equivalents $688.6M, providing runway into 2024; two-year deferral on senior debt principal repayment to Nov 2026.
- Positive Phase 2 interim data for infigratinib in achondroplasia: mean AHV increase 1.52 cm/year; added Cohort 5.
- Entered exclusive license with BMS for BBP-398 (SHP2 inhibitor) for up to $905M; received $90M upfront; sold PRV for $110M.
- Selected next-gen KRAS G12C dual inhibitor candidate; plans to begin clinical work mid-2023.