NASDAQ$ABCL

AbCellera Biologics Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced financial results for the second quarter of 2022.

AbCellera reported total revenue of $46 million, driven by royalties associated with bebtelovimab and research fees from the partnership business. The company incurred a net loss of $7 million, or ($0.02) per share. They strengthened their balance sheet and continue to invest in technology development.

  • Earned $46 million in total revenue.
  • Incurred net loss of $7 million.
  • Added six programs under contract with two new partners, resulting in a cumulative total of 164 programs under contract with 38 different partners.
  • Started discovery on four programs, bringing the cumulative number of program starts to 88.

Headline financials

Total Revenue

$45.9M

Previous: $27.6M+66.1%
EPS (adj)

-$0.02

Previous: -$0.01-100.0%
Capital Expenditures

-$45.8M

Previous: -$40.4M-13.3%
Free Cash Flow

-$52.6M

Previous: -$42.8M-23.0%
Net Income

-$6.79M

Previous: -$2.32M-192.1%
Operating Income

-$8.4M

Previous: -$7.03M-19.4%
Gross Profit

$40.7M

Previous: $24M+69.4%
Cash & Equivalents

$791M

Previous: $793M-0.2%
Total Assets

$1.59B

Previous: $1.15B+38.4%
Stock-Based Comp

$12.1M

Previous: $8.47M+43.0%

Revenue & EPS history

AbCellera · Revenue · Quarterly

$45.9M

Q2 2022+66.1%vs Q2 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

AbCellera · $12.7M total across 2 segments · Q2 2022

  • Research Fees
    $12.5M+140.4%
  • Licensing and Royalty
    $147K-44.1%

Forward guidance

This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.4%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.2%

Avg return

30 days after

46%

11 / 24 earnings

Positive

+17.1%

Q2 2021

Best reaction

-13.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-21.8%-2.9%
Q4 2025-1.5%+18.6%+1.6%
Q3 2025-13.9%-12.4%-21.4%
Q1 2025+1.0%+2.0%+21.4%
Q4 2024-11.3%-18.2%-20.9%
Q3 2024-0.4%-1.1%+6.2%
Q2 2024-4.7%-2.9%-12.0%
Q1 2024-6.6%-6.8%-8.0%
Q4 2023-9.9%-8.8%-11.8%
Q3 2023+14.1%+6.8%+17.2%
Q2 2023-13.0%-15.1%-19.5%
Q1 2023-9.1%-14.1%+3.0%
Q4 2022-8.3%-12.7%-23.8%
Q3 2022-1.7%+13.1%-7.2%
Q2 2022+13.4%+16.3%-3.9%
Q1 2022-12.0%+11.2%+29.1%
Q4 2019+8.1%+9.4%+15.5%
Q4 2021+8.1%+9.4%+15.5%
Q3 2020-7.8%-2.0%-5.1%
Q2 2018+16.3%+10.3%+25.0%
Q2 2021+17.1%+8.6%+24.3%
Q1 2018+0.1%-5.2%-24.1%
Q1 2021+3.4%+7.4%-15.7%
Q4 2018+7.8%+24.1%+21.3%
Q3 2017
Q2 2017
Q1 2017

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