NASDAQ$ABEO

Abeona Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Abeona Therapeutics reported financial results for the third quarter of 2023 and provided corporate updates.

Abeona Therapeutics reported a net loss attributable to common shareholders of $11.8 million for the third quarter of 2023. The company's cash, cash equivalents, restricted cash and short-term investments totaled $54.1 million as of September 30, 2023, which is expected to fund operations into the fourth quarter of 2024. The company completed its first-ever U.S. BLA submission and initiated commercial readiness activities for potential U.S. launch of pz-cel.

  • Completed Abeona’s first-ever U.S. Biologics License Application (BLA) submission in September 2023.
  • FDA decision on priority review and acceptance of BLA for pz-cel expected by late-November 2023.
  • Initiated commercial readiness activities for potential U.S. launch of pz-cel.
  • Cash, cash equivalents, restricted cash and short-term investments totaled $54.1 million as of September 30, 2023.

Headline financials

Total Revenue

$593K

Previous: $72K+723.6%
EPS (adj)

-$0.48

Previous: -$1.48+67.6%
Capital Expenditures

-$294K

Previous: -$105K-180.0%
Free Cash Flow

-$12.1M

Previous: -$9.59M-26.5%
Net Income

-$11.8M

Previous: -$9.48M-24.8%
Operating Income

-$11.3M

Previous: -$9.38M-20.8%
Gross Profit

$593K

Previous: $72K+723.6%
Cash & Equivalents

$54.1M

Previous: $23.5M+130.2%
Total Assets

$66.1M

Previous: $38.8M+70.5%
R&D Expense

$7.15M

No prior period
Stock-Based Comp

$1.56M

No prior period

Revenue & EPS history

Abeona Therapeutics · Revenue · Quarterly

$593K

Q3 2023+723.6%vs Q3 2022
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Forward guidance

Abeona estimates that its cash and cash equivalents, restricted cash and short-term investments as of September 30, 2023 are sufficient resources to fund operations into the fourth 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 Q3 2023

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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