Jun 30, 2021

Rigel Q2 2021 Earnings Report

Reported financial results for the second quarter ended June 30, 2021, including sales of TAVALISSE.

Key Takeaways

Rigel Pharmaceuticals reported a net loss of $13.8 million for the second quarter of 2021, with total revenues of $26.3 million, including TAVALISSE net product sales of $17.1 million.

TAVALISSE sales are growing as Rigel accesses more clinicians in-person.

Rigel is expanding its commercial team to increase impact as physicians and patients return to the clinic.

Phase 3 clinical trial of fostamatinib in hospitalized COVID-19 patients is rapidly enrolling.

Phase 3 clinical trial of fostamatinib in wAIHA is nearing its enrollment goal.

Total Revenue
$26.3M
Previous year: $16M
+63.9%
EPS
-$0.8
Previous year: -$1
-20.0%
Gross Profit
$26.1M
Previous year: $15.7M
+66.0%
Cash and Equivalents
$84.8M
Previous year: $92.5M
-8.3%
Free Cash Flow
$54.8M
Previous year: -$14M
-491.7%
Total Assets
$153M
Previous year: $138M
+11.1%

Rigel

Rigel

Rigel Revenue by Segment

Forward Guidance

Rigel is well-positioned to execute on several key milestones that have the potential to be important inflection points for the company.