NASDAQ$ABEO
Abeona Therapeutics Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Abeona Therapeutics reported financial results for the first quarter of 2023 and provided an update on progress toward achieving key corporate objectives.
Abeona Therapeutics reported a net loss of $9.1 million for the first quarter of 2023, with license and other revenues at nil, research and development expenses at $8.0 million, and general and administrative expenses at $4.0 million. Cash, cash equivalents, restricted cash and short-term investments totaled $40.7 million as of March 31, 2023, sufficient to fund operations into the third quarter of 2024.
- Focused on completing EB-101 Biologics License Application for recessive dystrophic epidermolysis bullosa (RDEB).
- Made progress towards EB-101 BLA submission in late-2Q/early-3Q 2023; submitted request for pre-BLA meeting.
- Presented encouraging results from animal proof-of-concept studies from its AAV ophthalmology program at the ASGCT annual meeting.
- Reiterated cash runway guidance into 3Q 2024, beyond anticipated timing for EB-101 BLA potential approval.
Headline financials
Revenue & EPS history
Abeona Therapeutics · Revenue · Quarterly
$364K
Forward guidance
Abeona estimates that its current cash and cash equivalents, restricted cash and short-term investments are sufficient resources to fund operations into the third quarter of 2024.
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 Q1 2023
-0.3%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+6.4%
Avg return
30 days after
44%
27 / 62 earnings
Positive
+18.8%
Q3 2025
Best reaction
-28.9%
Q1 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | -5.5% | -2.8% | |
| Q4 2025 | +6.1% | -10.1% | +8.7% | |
| Q3 2025 | +18.8% | +8.2% | +28.5% | |
| Q1 2025 | -4.2% | -2.8% | -8.1% | |
| Q4 2024 | -1.2% | -3.8% | -6.9% | |
| Q3 2024 | -3.9% | -3.4% | -3.4% | |
| Q2 2024 | +12.7% | +13.1% | +26.5% | |
| Q1 2024 | +9.5% | +6.0% | +8.8% | |
| Q4 2023 | -12.3% | -11.8% | -8.1% | |
| Q3 2023 | +3.9% | +2.4% | +15.4% | |
| Q2 2023 | +0.7% | +0.3% | +34.6% | |
| Q1 2023 | -7.2% | -5.3% | +32.8% | |
| Q4 2022 | +1.8% | +1.8% | +10.4% | |
| Q3 2022 | -8.0% | -8.0% | -32.3% | |
| Q2 2022 | +6.5% | +14.7% | -5.8% | |
| Q1 2022 | +12.5% | +0.0% | +6.3% | |
| Q4 2021 | +3.2% | +9.7% | -32.3% | |
| Q3 2021 | -5.4% | -19.6% | -43.5% | |
| Q2 2021 | -0.8% | +3.2% | +4.8% | |
| Q1 2021 | +6.5% | +6.5% | +9.0% | |
| Q4 2020 | -1.1% | -5.8% | -14.7% | |
| Q3 2020 | +11.7% | +24.3% | +41.7% | |
| Q2 2020 | +1.7% | -3.8% | -29.0% | |
| Q1 2020 | -7.2% | +29.1% | +16.3% | |
| Q4 2019 | +17.2% | +22.4% | +43.7% | |
| Q3 2019 | -6.4% | -6.8% | +60.2% | |
| Q2 2019 | +0.0% | +6.6% | +30.7% | |
| Q1 2019 | -8.2% | -3.0% | -29.3% | |
| Q4 2018 | -2.0% | -7.2% | +1.0% | |
| Q3 2018 | -22.0% | -24.1% | -13.6% | |
| Q2 2018 | -7.1% | -11.6% | -7.1% | |
| Q1 2018 | +10.9% | +11.4% | -13.8% | |
| Q4 2017 | -9.3% | -4.7% | +17.3% | |
| Q3 2017 | +6.6% | -2.6% | +9.3% | |
| Q2 2017 | +14.9% | +5.4% | +89.2% | |
| Q1 2017 | -1.6% | -1.6% | -20.8% | |
| Q4 2016 | +2.0% | +3.0% | +13.0% | |
| Q3 2016 | +5.7% | +18.0% | -15.6% | |
| Q2 2016 | +4.3% | +5.9% | +27.1% | |
| Q1 2016 | +4.1% | — | — | |
| Q4 2015 | -5.0% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | -3.9% | — | — | |
| Q1 2015 | -7.2% | — | — | |
| Q4 2014 | -3.2% | — | — | |
| Q2 2014 | -3.2% | — | — | |
| Q3 2014 | -8.5% | — | — | |
| Q1 2014 | +13.6% | — | — | |
| Q2 2013 | -10.3% | — | — | |
| Q4 2013 | -10.3% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q1 2013 | +2.2% | — | — | |
| Q4 2012 | -8.3% | — | — | |
| Q3 2012 | -7.4% | — | — | |
| Q2 2012 | +6.5% | — | — | |
| Q1 2011 | -28.9% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +13.9% | — | — | |
| Q2 2010 | -4.4% | — | — | |
| Q2 2011 | -4.4% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q3 2010 | -0.3% | — | — |
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