NASDAQ$ABCL

AbCellera Biologics Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue due to reduction of milestone payments, increased program starts, and advanced molecules into the clinic.

AbCellera reported a decrease in total revenue to $5.5 million compared to $9.4 million in Q3 2020, which is attributable to the reduction of milestone payments associated with COVID-19 treatments. The company added 17 programs under contract and two new partners, resulting in a cumulative total of 155 programs under contract with 35 different partners. One new molecule advanced into the clinic, bringing the cumulative total to five. The net loss was $21.4 million, or ($0.08) per share.

  • Total revenue was $5.5 million, compared to $9.4 million in Q3 2020.
  • Net loss was $21.4 million, or ($0.08) per share.
  • Added 17 programs under contract and two new partners, resulting in a cumulative total of 155 programs under contract with 35 different partners.
  • One new molecule advanced into the clinic, bringing the cumulative total to five.

Headline financials

Total Revenue

$5.51M

No prior period
EPS (adj)

-$0.08

No prior period
Capital Expenditures

$3.89M

No prior period
Free Cash Flow

-$7.69M

No prior period
Net Income

-$21.4M

No prior period
Operating Income

-$28.1M

No prior period
Gross Profit

$1.87M

No prior period
Cash & Equivalents

$518M

No prior period
Stock-Based Comp

$1.93M

No prior period

Revenue & EPS history

AbCellera · Revenue · Quarterly

$5.51M

Q3 2020
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Revenue by segment

AbCellera · $5.32M total across 2 segments · Q3 2020

  • Research Fees
    $5.13M
  • Licensing and Royalty
    $190K

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 Q3 2020

Historical avgQ3 2020

-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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