Revance Therapeutics (RVNC) Misses Q4 EPS by 17c

Note: EPS may not be comparable

Revance Therapeutics (NASDAQ: RVNC) reported Q4 EPS of ($1.14), $0.17 worse than the analyst estimate of ($0.97).

2018 Financial Outlook

Revance reiterates its financial guidance provided in January 2018. Revance expects cash burn for 2018 to be in the range of $117 to $137 million. Revance expects 2018 GAAP operating expense to be in the range of $128 to $154 million, which when excluding depreciation of $1 to $3 million and estimated stock-based compensation of $17 to $21 million, results in projected 2018 non-GAAP operating expense of $110 to $130 million, driven by increased research and development expenditure and launch preparation activities. With three clinical programs and preparations to file the BLA all underway, Revance anticipates 2018 GAAP research and development expense to be in the range of $84 to $101 million, which when excluding depreciation of $1 to $2 million and estimated stock-based compensation of $7 to $9 million, results in projected 2018 non-GAAP research and development expense of $76 to $90 million.

For earnings history and earnings-related data on Revance Therapeutics (RVNC) click here.

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