NASDAQ$ABEO

Abeona Therapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter financial results and business progress.

Abeona Therapeutics reported its Q3 2021 financial results, with a net loss of $7.0 million. The company is advancing two late-stage pivotal assets and expects to finish patient accrual for the EB-101 Phase 3 VIITAL™ study in Q1 2022, with top-line data readout in Q3 2022.

  • Phase 3 VIITAL™ study on track to complete enrollment in first quarter 2022 with final patients identified and under screening
  • Added gene therapy and biopharmaceutical industry veterans to regulatory and quality teams to prepare for two Biologics License Application (BLA) submissions
  • Formally settled dispute with REGENXBIO Inc., eliminating uncertainty from arbitration outcome and facilitating planning of resources to reach next value inflection points
  • Pivotal Transpher A study top-line data readout expected between Q4 2022 and Q2 2023

Headline financials

Total Revenue

$0.00

Previous: $7M-100.0%
EPS (adj)

-$4.00

Previous: -$2.00-100.0%
Capital Expenditures

-$903K

Previous: -$1.3M+30.7%
Free Cash Flow

-$7.95M

Previous: -$8.54M+6.9%
Net Income

-$7.04M

Previous: -$7.24M+2.7%
Operating Income

-$14.9M

Previous: -$6.25M-138.0%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$67M

Previous: $8.42M+695.3%
Total Assets

$119M

Previous: $159M-25.3%

Revenue & EPS history

Abeona Therapeutics · Revenue · Quarterly

$0

Q3 2021-100%vs Q3 2020
Beat estimate in 1 of 4 quarters(25%)
ActualEstimate

Forward guidance

Abeona is focused on advancing its pipeline of therapies and preparing for BLA filings and commercial launch readiness.

Tailwinds

  • Enrollment completion for Phase 3 VIITAL™ study expected in Q1 2022 with top-line data readout expected in Q3 2022
  • Pivotal Transpher A study top-line data readout expected between Q4 2022 and Q2 2023
  • Completed dosing seven patients at the highest dose; 2-year neurocognitive data expected in H2 2022 for efficacy evaluation
  • Advancing programs toward pre-IND meetings in late-2022
  • Exploring various options including strategic partnering of pipeline assets and non-dilutive funding.

Headwinds

  • Potential impacts of the COVID-19 pandemic on business, operations, and financial condition
  • Risks associated with data analysis and reporting
  • The impact of competition
  • The ability to secure licenses for any technology that may be necessary to commercialize our products
  • The impact of changes in the financial markets and global economic conditions

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 2021

Historical avgQ3 2021

-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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