NASDAQ$ABEO

Abeona Therapeutics Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Abeona Therapeutics reported a net loss of $12.029 million for Q1 2025, an improvement from the $31.578 million loss in Q1 2024, driven by a significant gain in the fair value of warrant and derivative liabilities.

Abeona Therapeutics Inc. reported a net loss of $12.029 million for the three months ended March 31, 2025, a substantial improvement compared to the $31.578 million net loss for the same period in 2024. This positive change was primarily due to a $7.245 million gain from the change in fair value of warrant and derivative liabilities, contrasting with a $17.301 million loss in the prior year. Operating expenses increased by 38% to $19.727 million, driven by higher research and development and general and administrative costs. The company's cash and cash equivalents stood at $15.936 million, with total assets at $99.364 million.

  • Net loss significantly improved to $12.029 million in Q1 2025 from $31.578 million in Q1 2024, primarily due to a gain in fair value of warrant and derivative liabilities.
  • Research and development expenses increased by 38% to $9.941 million, driven by increased headcount for manufacturing capacity scale-up and pre-clinical development work.
  • General and administrative expenses rose by 37% to $9.786 million, mainly due to higher employee compensation and pre-commercial preparation costs.
  • The company's liquidity position as of March 31, 2025, includes $84.5 million in cash resources, with additional proceeds from a subsequent common stock sale and a Priority Review Voucher sale expected to fund operations for at least the next 12 months.

Headline financials

Total Revenue

$0.00

Previous: $843K-100.0%
EPS (adj)

-$0.24

Previous: -$1.16+79.3%
R&D expenses

$9.94M

Previous: $7.21M+37.9%
SG&A expenses

$9.79M

Previous: $7.12M+37.4%
Interest income

$1.31M

Previous: $843K+55.4%
Interest expense

$998K

Previous: $952K+4.8%
Fair value change of warrants

$7.25M

Previous: -$17.3M+141.9%
Other income

$141K

Previous: $162K-13.0%
Capital Expenditures

-$1.4M

Previous: -$725K-93.2%
Net Income

-$12M

Previous: -$31.6M+61.9%
Operating Income

-$19.7M

Previous: -$14.3M-37.7%

Revenue & EPS history

Abeona Therapeutics · Revenue · Quarterly

$0

Q1 2025-100%vs Q1 2024
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Forward guidance

Abeona Therapeutics expects its current cash resources, supplemented by recent and anticipated proceeds from common stock sales and the sale of a Priority Review Voucher, to be sufficient to fund operations for at least the next 12 months. The company anticipates continued operating losses until ZEVASKYN™ generates sufficient revenue to achieve profitability.

Tailwinds

  • FDA approval of ZEVASKYN™ on April 28, 2025, as the first and only autologous cell-based gene therapy for RDEB.
  • Awarded a Rare Pediatric Disease Priority Review Voucher (PRV) in connection with FDA approval of ZEVASKYN™.
  • Entered into a definitive asset purchase agreement to sell the PRV for gross proceeds of $155 million.
  • Activation of the first Qualified Treatment Center (QTC) for ZEVASKYN™ at Ann & Robert H. Lurie Children's Hospital of Chicago.
  • Extension of the loan principal monthly installments start date from May 1, 2025, to February 1, 2026, following FDA approval of ZEVASKYN™.

Headwinds

  • Continued incurrence of significant operating losses and negative cash flows from operations since inception.
  • Anticipation of continued losses until ZEVASKYN™ can provide sufficient revenue for profitability.
  • Potential for dilution of existing investors' equity ownership if additional funds are raised through equity offerings.
  • Risk of relinquishing valuable rights to technologies, future revenue streams, or product candidates if additional funds are raised through collaborations or licensing arrangements.
  • Uncertainty regarding the ability to obtain additional financial resources or reduce operating expenses if required.

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 2025

Historical avgQ1 2025

-0.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+6.6%

Avg return

30 days after

44%

27 / 62 earnings

Positive

+18.8%

Q3 2025

Best reaction

-28.9%

Q1 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-5.5%
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%
Q4 2013-10.3%
Q2 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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