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Zevra Therapeutics (ZVRA)
NASDAQ:ZVRA
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Zevra Therapeutics
(NASDAQ:ZVRA)
45Neutral
Positive Factors
Financial Performance
Sales of Miplyffa for Niemann-Pick Type C came in higher than expected, indicating strong market performance.
Financial Stability
The company's balance sheet is now in its strongest position, supported by the $148M raised from the PRV sale.
Product Launch
The Miplyffa launch is progressing quickly with 109 patient enrollment forms submitted, signaling early adoption.
Negative Factors
Market Valuation
ZVRA's rare disease-focused strategy is viewed as underappreciated by investors, suggesting potential growth opportunities.
Reimbursement Challenges
While a third of Miplyffa patients have been approved for reimbursement, many commercial payers have not yet made decisions about a formal policy.
Zevra Therapeutics (ZVRA) vs. S&P 500 (SPY)
Market Cap
$402.08M
Dividend YieldN/A
Average Volume (3M)472.11K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth-14.02%
EPS Growth-72.44%
CountryUS
Employees59
SectorHealthcare
Sector Strength79
IndustryBiotechnology
Share Statistics
EPS (TTM)-2.23
Shares Outstanding54,115,868
10 Day Avg. Volume508,879
30 Day Avg. Volume472,106
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)18.36
Price to Cash Flow (P/CF)-6.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$22.29Price Target Upside216.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Zevra Therapeutics Business Overview & Revenue Model
Company DescriptionZevra Therapeutics (ZVRA) is a biopharmaceutical company focused on the development and commercialization of innovative therapies for rare diseases and central nervous system disorders. The company operates in the healthcare and biotechnology sectors, leveraging its expertise in drug development to bring novel treatments to market. Zevra Therapeutics' core products include a portfolio of proprietary drug candidates that are in various stages of clinical development, targeting unmet medical needs in niche patient populations.
How the Company Makes MoneyZevra Therapeutics makes money through a revenue model centered on the development and commercialization of its proprietary drug candidates. The company generates revenue primarily through the sale of its approved therapies and milestone payments from collaboration and licensing agreements with other pharmaceutical companies. Additionally, Zevra Therapeutics may receive royalty payments based on sales of its licensed products. Strategic partnerships and collaborations play a significant role in the company's earnings, providing additional funding for research and development, as well as expanding the reach of its products in global markets.
Zevra Therapeutics Financial Statement Overview
Summary
Zevra Therapeutics is facing financial challenges, with declining revenue and increasing losses. The company has a high debt-to-equity ratio, indicating leverage-related risks, and negative cash flows, which suggest difficulties in sustaining operations without external financing.Income Statement
Zevra Therapeutics shows a concerning trend with declining total revenue, decreasing from $27.46M in 2023 to $23.61M in 2024. The gross profit margin is relatively healthy at 68.57% for 2024, but the company is struggling with profitability, as demonstrated by a negative net profit margin of -446.86% and an EBIT margin of -368.23%. Both EBIT and EBITDA margins are negative, indicating operational inefficiencies and high costs relative to revenue.30
Negative
Balance Sheet
The balance sheet reveals a high debt-to-equity ratio of 1.52 in 2024, signaling significant leverage and potential financial risk. Stockholders' equity has decreased, and the return on equity is negative due to sustained net losses. However, the equity ratio stands at 22.26%, suggesting some asset backing through equity, though it has been declining over the years.40
Negative
Cash Flow
Zevra Therapeutics reports negative free cash flow of -$69.67M in 2024, showing a deterioration from the previous year. Operating cash flow is also negative, reflecting challenges in generating cash from core operations. The free cash flow to net income ratio is less meaningful due to negative net income. Financial sustainability is currently a concern as the company heavily relies on financing activities to support cash needs.25
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 23.61M | 27.46M | 10.46M | 28.65M | 13.29M | Gross Profit |
| 16.20M | 24.52M | 10.12M | 26.59M | 11.98M | EBIT |
| -87.00M | -49.60M | -24.84M | 7.73M | -4.78M | EBITDA |
| -76.40M | -48.60M | -25.53M | -7.89M | -5.43M | Net Income Common Stockholders |
| -105.51M | -46.05M | -41.54M | -8.55M | -12.76M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 69.50M | 43.05M | 82.85M | 112.35M | 4.21M | Total Assets |
| 178.13M | 172.33M | 115.53M | 132.94M | 11.21M | Total Debt |
| 60.30M | 43.77M | 14.12M | 1.59M | 70.35M | Net Debt |
| 26.51M | 716.00K | -51.34M | -110.76M | 66.14M | Total Liabilities |
| 138.46M | 110.46M | 29.72M | 5.82M | 77.62M | Stockholders Equity |
| 39.67M | 61.86M | 85.81M | 127.12M | -66.41M |
| Cash Flow | Free Cash Flow | |||
| -69.67M | -33.83M | -18.81M | 10.34M | -1.97M | Operating Cash Flow |
| -69.67M | -33.53M | -18.72M | 10.44M | -1.94M | Investing Cash Flow |
| -22.16M | -17.39M | -36.72M | -15.52M | -33.00K | Financing Cash Flow |
| 82.11M | 28.46M | 8.35M | 113.11M | 2.74M |
Zevra Therapeutics Technical Analysis
Negative
7.04
Price Trends
7.83
Negative
8.25
Negative
7.61
Negative
Market Momentum
-0.06
Positive
37.45
Neutral
7.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZVRA, the sentiment is Negative. The current price of 7.04 is below the 20-day moving average (MA) of 7.87, below the 50-day MA of 7.83, and below the 200-day MA of 7.61, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 37.45 is Neutral, neither overbought nor oversold. The STOCH value of 7.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZVRA.
Zevra Therapeutics Risk Analysis
Zevra Therapeutics disclosed 62 risk factors in its most recent earnings report. Zevra Therapeutics reported the most risks in the “Tech & Innovation” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Zevra Therapeutics Peers Comparison
Overall Rating
UnderperformOutperform
Sector (48)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.69B | 11.85 | 38.89% | ― | 31.85% | ― | |
68 Neutral | $10.26B | 31.26 | 14.16% | ― | 24.81% | 33.67% | |
64 Neutral | $124.29B | ― | -3.15% | ― | 11.64% | -114.72% | |
48 Neutral | $6.86B | 1.11 | -50.22% | 2.47% | 16.71% | 1.53% | |
48 Neutral | $453.11M | ― | -63.37% | ― | -52.30% | 27.13% | |
47 Neutral | $609.32M | ― | -23.34% | ― | 47.92% | 17.84% | |
45 Neutral | $402.08M | ― | -207.84% | ― | -14.02% | -72.44% |
* Healthcare Sector Average
Performance Comparison
ZVRA
Zevra Therapeutics
7.04
2.22
46.06%
ACAD
ACADIA Pharmaceuticals
15.38
-2.63
-14.60%
NBIX
Neurocrine
95.65
-43.27
-31.15%
VRTX
Vertex Pharmaceuticals
474.62
67.95
16.71%
PRTA
Prothena
10.86
-12.51
-53.53%
SAGE
SAGE Therapeutics
6.86
-9.56
-58.22%
Zevra Therapeutics Earnings Call Summary
Earnings Call Date: Mar 11, 2025 | % Change Since: -12.76% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements such as the successful launch and FDA approval of MIPLYFFA, along with record revenue and expansion plans. However, there were challenges with the slower than expected OLPRUVA launch and increased net loss. Overall, the positives outweigh the negatives due to the strong start of MIPLYFFA and financial stability.Highlights
Successful Launch of MIPLYFFA
The launch of MIPLYFFA exceeded expectations with 109 patient enrollment forms received in the fourth quarter, marking a strong demand in the NPC community.
FDA Approval of MIPLYFFA
MIPLYFFA was approved by the FDA, becoming the first product in the U.S. for the treatment of Niemann-Pick Disease Type C (NPC).
Record Revenue
Zevra reported a record quarterly product revenue of $12 million in Q4 2024, with $10.1 million from MIPLYFFA.
Expansion Plans for MIPLYFFA
Plans to expand MIPLYFFA availability outside the U.S., with a focus on submitting a marketing authorization application in Europe during the second half of 2025.
Financial Stability
Zevra entered into an agreement to monetize its priority review voucher for $150 million, providing non-dilutive capital to support future growth.
Lowlights
Slow Progress of OLPRUVA Launch
OLPRUVA's launch progressed slower than expected, with only four new enrollments in Q4 compared to three in Q3.
Increased Net Loss
Net loss for Q4 2024 was $35.7 million, compared to $19.6 million in the same quarter of the previous year.
High Operating Expenses
Operating expenses increased to $24.5 million in Q4 2024, compared to previous quarters, partly due to personnel-related costs and severance expenses.
Company Guidance
During the conference call, Zevra Therapeutics provided a detailed update on their strategic priorities and financial performance for the fourth quarter and full fiscal year 2024. Key metrics included the successful launch of MIPLYFFA, with 109 patient enrollment forms received in Q4, reflecting significant demand within the Niemann-Pick Disease Type C (NPC) community. Zevra reported net revenue of $12 million for Q4, with $10.1 million attributed to MIPLYFFA. The company aims to expand MIPLYFFA's availability outside the U.S., targeting a marketing authorization application in Europe by the second half of 2025, where 1,100 people are estimated to live with NPC. Zevra also highlighted their strategic pillars: commercial excellence, pipeline and innovation, talent and culture, and corporate foundation. They are leveraging infrastructure for both NPC and urea cycle disorders (UCDs), noting four OLPRUVA enrollments in Q4. Additionally, Zevra enrolled eight patients in their Phase 3 DiSCOVER trial for vascular Ehlers-Danlos Syndrome, bringing the total to 27. Financially, Zevra refinanced debt, completed a secondary offering, and plans to monetize a priority review voucher for $150 million, aiming to extend their cash runway into 2029.Zevra Therapeutics Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Zevra Therapeutics Sells Priority Review Voucher for $150M
Positive
Feb 27, 2025
On February 26, 2025, Zevra Therapeutics entered into an agreement to sell a Rare Pediatric Disease Priority Review Voucher for $150 million. This transaction, expected to close within 30 to 45 days, will provide non-dilutive capital to support Zevra’s strategic priorities, including the commercial launches of MIPLYFFA and OLPRUVA and the advancement of its product pipeline.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.