NASDAQ$ABEO

Abeona Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Abeona Therapeutics reported its Q4 2021 financial results and provided a business and strategy update.

Abeona Therapeutics reported a net loss of $84.9 million for the full year 2021. The company is focusing on EB-101 and expects topline results in Q3 2022. They also plan to reduce operating expenses and extend cash runway to mid-2023.

  • EB-101 pivotal phase 3 VIITAL™ study in RDEB achieved target enrollment; top-line data expected in third quarter of 2022.
  • The company gained FDA alignment on CMC requirements for EB-101 including characterization and validation plans.
  • The company will pursue a strategic partner to take over development activities for ABO-102 for MPS IIIA, while discontinuing development of ABO-101 for MPS IIIB.
  • The company plans to reduce operating expenses and extend cash runway to mid-2023.

Headline financials

Total Revenue

$3M

Previous: $3M+0.0%
EPS (adj)

-$3.50

Previous: -$4.25+17.6%
Capital Expenditures

$3.25M

No prior period
Free Cash Flow

-$33.5M

No prior period
Net Income

-$84.9M

Previous: -$15.8M-437.3%
Operating Income

-$54.6M

Previous: -$16.6M-228.9%
Gross Profit

$3M

No prior period
Cash & Equivalents

$50.9M

Previous: $95M-46.4%
Total Assets

$79.6M

No prior period

Revenue & EPS history

Abeona Therapeutics · Revenue · Quarterly

$3M

Q4 2021+0%vs Q4 2020
Beat estimate in 0 of 3 quarters(0%)
ActualEstimate

Forward guidance

Abeona Therapeutics is focused on developing novel cell and gene therapies for patients with rare diseases with no approved treatment options and plans to extend their cash runway.

Tailwinds

  • EB-101 pivotal Phase 3 VIITAL™ study achieved target enrollment.
  • Topline results for EB-101 VIITAL™ study expected in Q3 2022.
  • Animal proof-of-concept data from preclinical eye programs expected beginning in the second half of 2022.
  • Strategic steps announced reflect the operating discipline needed to extend cash runway.
  • Focus on EB-101 development.

Headwinds

  • Discontinuing development of ABO-101 for MPS IIIB.
  • Pursuing strategic partner to take over development activities for ABO-102 for MPS IIIA.
  • Potential impacts of the COVID-19 pandemic on business, operations, and financial condition.
  • Risks associated with data analysis and reporting.
  • 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 Q4 2021

Historical avgQ4 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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