NASDAQ$ABUS

Arbutus Biopharma Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter financial results and provided a corporate update.

Arbutus Biopharma Corporation reported a net loss attributable to common shares of $24.2 million for the third quarter of 2021. The company's cash, cash equivalents, and investments totaled $151.9 million as of September 30, 2021, which they believe is sufficient to fund operations into the second quarter of 2023.

  • On-track for multiple data readouts of AB-729 and AB-836 in Q4 2021
  • First patient dosed in Phase 2a clinical trial combining AB-729, Peg-IFNα-2a and nucleos(t)ide analog (“NA”) therapy
  • On-track to initiate several proof-of-concept Phase 2a clinical trials with AB-729 as a cornerstone agent in combination with other approved or investigational compounds
  • Commenced IND enabling studies for Arbutus’ oral PD-L1 program

Headline financials

Total Revenue

$3.34M

Previous: $1.52M+119.3%
EPS (adj)

-$0.24

Previous: -$0.27+11.1%
Capital Expenditures

-$751K

Previous: -$77K-875.3%
Free Cash Flow

-$19.9M

Previous: -$18.8M-5.7%
Net Income

-$19.2M

Previous: -$18.8M-2.1%
Operating Income

-$18.4M

Previous: -$15.2M-21.0%
Gross Profit

$3.34M

Previous: $1.52M+119.3%
Cash & Equivalents

$152M

Previous: $118M+28.4%
Total Assets

$166M

Previous: $131M+26.3%
Stock-Based Comp

$1.62M

Previous: $1.69M-4.3%

Revenue & EPS history

Arbutus · Revenue · Quarterly

$3.34M

Q3 2021+119.3%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

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

  • Non-cash Royalty Revenue
    $689K

Forward guidance

Arbutus believes its cash, cash equivalents and investments in marketable securities of $151.9 million as of September 30, 2021 are sufficient to fund the Company’s operations into the second quarter of 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-1.3%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+0.1%

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
Q4 2025
Q1 2026+0.0%-3.2%
Q3 2025-5.8%-8.1%-2.7%
Q2 2025+1.8%-1.8%+23.2%
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%-20.2%-11.5%
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 2010+2.9%
Q4 2011+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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