NASDAQ$ABUS

Arbutus Biopharma Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Arbutus reported its first quarter 2022 financial results and provided a corporate update.

Arbutus Biopharma Corporation reported first quarter 2022 financial results, highlighting progress in chronic hepatitis B virus (cHBV) and pan-coronavirus programs, and a strong financial position with a projected cash runway into the second quarter of 2024. Revenues increased significantly due to a license agreement, while the net loss decreased compared to the same period last year.

  • Advanced efforts to develop a functional cure for hepatitis B and novel treatment options for coronavirus infections.
  • On track to report data later this year from four clinical trials with chronically infected HBV patients.
  • IND-enabling studies with oral PD-L1 inhibitor, AB-101, and oral RNA destabilizer, AB-161, are moving forward.
  • Well-positioned financially with a projected cash runway into the second quarter of 2024.

Headline financials

Total Revenue

$12.6M

Previous: $2.11M+495.4%
EPS (adj)

-$0.11

Previous: -$0.21+47.6%
Capital Expenditures

-$75K

Previous: -$99K+24.2%
Free Cash Flow

-$15.8M

Previous: -$16.5M+3.9%
Net Income

-$15.8M

Previous: -$16.4M+3.8%
Operating Income

-$11M

Previous: -$15.7M+30.0%
Gross Profit

$12.6M

Previous: $2.11M+495.4%
Cash & Equivalents

$81.3M

Previous: $132M-38.4%
Total Assets

$237M

Previous: $146M+62.0%
Stock-Based Comp

$1.74M

Previous: $1.64M+6.2%

Revenue & EPS history

Arbutus · Revenue · Quarterly

$12.6M

Q1 2022+495.4%vs Q1 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Arbutus · $689K total across 1 segment · Q2 2020

  • Non-cash Royalty Revenue
    $689K

Forward guidance

Arbutus expects a net cash burn between $90 to $95 million in 2022, not including the $55 million of proceeds received from Qilu, and believes its cash runway will be sufficient to fund operations into the second 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 2022

Historical avgQ1 2022

-1.3%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-0.4%

Avg return

30 days after

37%

23 / 63 earnings

Positive

+22.2%

Q1 2020

Best reaction

-18.6%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-3.2%
Q4 2025+4.2%+1.2%+4.5%
Q3 2025-5.8%-8.1%-2.7%
Q1 2025-0.9%-1.9%+10.7%
Q4 2024-2.4%+3.9%-1.8%
Q3 2024-5.8%-5.8%-7.1%
Q2 2024-0.8%-4.0%+2.7%
Q1 2024+0.7%+5.6%+24.9%
Q4 2023-3.1%-7.3%-10.4%
Q3 2023-0.5%-5.9%+10.6%
Q2 2023+2.9%-2.4%-1.4%
Q1 2023+3.6%+4.0%+2.8%
Q4 2022+1.8%+4.3%+7.8%
Q3 2022+0.8%+7.3%+6.1%
Q2 2022+2.8%+0.0%-10.2%
Q1 2022+1.6%-20.5%+8.4%
Q4 2021-9.1%-6.8%-0.3%
Q3 2021-9.6%-9.1%+7.8%
Q2 2021+9.1%+13.8%+23.6%
Q1 2021-15.9%-20.4%-11.7%
Q4 2020-9.3%-1.1%-5.8%
Q3 2020-8.8%+5.9%+31.0%
Q2 2020-16.2%-18.5%-44.2%
Q1 2020+22.2%+55.6%+37.0%
Q4 2019-2.0%-8.3%-70.0%
Q3 2019-4.0%-3.4%+53.7%
Q2 2019+1.2%+1.2%-11.0%
Q1 2019-5.4%-10.0%-36.4%
Q4 2018-8.0%+2.7%+9.5%
Q3 2018+13.7%-6.7%-7.4%
Q2 2018-18.6%-19.4%-23.2%
Q1 2018+3.5%+8.8%+7.0%
Q4 2017-12.5%-17.5%-13.3%
Q3 2017+20.4%+4.6%+2.8%
Q2 2017-4.2%+1.4%+15.3%
Q1 2017-2.4%-0.9%+2.1%
Q4 2016-6.0%-4.5%+0.0%
Q3 2016-3.3%-4.9%-12.1%
Q2 2016-8.6%-13.6%-14.5%
Q1 2016-3.8%
Q4 2015-5.6%
Q3 2015-2.3%
Q2 2015+0.7%
Q1 2015-2.5%
Q4 2014-3.6%
Q3 2014+4.6%
Q2 2014-2.8%
Q1 2014-5.1%
Q4 2013+14.1%
Q3 2013+3.1%
Q2 2013-3.1%
Q1 2013-0.8%
Q4 2012+0.6%
Q2 2012-0.3%
Q1 2012-5.1%
Q4 2011+2.9%
Q4 2010+2.9%
Q3 2011-0.6%
Q2 2011+0.0%
Q1 2011-4.1%
Q3 2010+0.8%
Q2 2010-0.8%
Q1 2010+3.4%

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