NASDAQ$ADAPY

Adaptimmune Therapeutics Plc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Adaptimmune reported financial results and business update for Q3 2021.

Adaptimmune made significant strides in Q3 with encouraging SURPASS trial data, the initiation of a Phase 2 trial with ADP-A2M4CD8, and the announcement of a strategic collaboration with Genentech. The company's cash, cash equivalents, and marketable securities, along with upfront payments from Genentech, are expected to fund operations into early 2024.

  • Strategic Collaboration Agreement with Genentech has started after expiration of HSR waiting periods; Adaptimmune set to receive $150 million upfront payment.
  • SURPASS trial data at ESMO confirms potential of MAGE-A4 franchise across a range of tumors: overall response rate of 36% and 86% disease control rate with responses in five different solid tumors.
  • Initiated Phase 2 SURPASS-2 trial investigating next-generation ADP-A2M4CD8 in patients with esophageal and EGJ cancers.
  • Financial guidance confirmed: funded into early 2024.

Headline financials

Total Revenue

$1.2M

Previous: $1.19M+0.8%
EPS (adj)

-$0.30

Previous: -$0.24-25.0%
Total Liquidity

$240M

No prior period
Capital Expenditures

$1.63M

No prior period
Free Cash Flow

-$46.8M

No prior period
Net Income

-$42.4M

No prior period
Operating Income

-$42.2M

No prior period
Gross Profit

-$27M

No prior period
Cash & Equivalents

$42.9M

No prior period
Total Assets

$354M

No prior period
Stock-Based Comp

$5.02M

No prior period

Revenue & EPS history

Adaptimmune · Revenue · Quarterly

$1.2M

Q3 2021+0.8%vs Q3 2020
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Adaptimmune · $1.42M total across 1 segment · Q4 2021

  • Development revenue
    $1.42M

Forward guidance

Adaptimmune believes that its existing cash, cash equivalents and marketable securities, together with the upfront and exclusivity payments under the Strategic Collaboration and License Agreement with Genentech, will fund the Company’s current operations into early 2024.

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

-3.0%

Avg return

Earnings day

-7.9%

Avg return

5 days after

-3.2%

Avg return

30 days after

37%

16 / 43 earnings

Positive

+26.5%

Q3 2022

Best reaction

-37.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.0%-90.0%
Q3 2025+0.0%-90.0%
Q2 2025+1.3%-9.1%-27.3%
Q1 2025+4.7%+0.7%-7.9%
Q4 2024-37.7%-44.3%-47.0%
Q3 2024-25.5%+12.5%-1.9%
Q2 2024+5.8%+8.8%+8.8%
Q1 2024+4.3%-4.3%-12.2%
Q4 2023+19.2%+5.5%-6.2%
Q3 2023-8.2%-20.6%-8.6%
Q2 2023-5.2%-8.7%-14.5%
Q1 2023+2.2%-1.5%-27.4%
Q4 2022-29.0%-36.4%-40.3%
Q3 2022+26.5%+51.2%+6.0%
Q2 2022+20.6%+14.4%+4.1%
Q1 2022-8.8%-17.5%-0.6%
Q4 2021-4.9%+19.8%+7.7%
Q3 2021+0.0%+0.7%-34.6%
Q2 2021+2.3%+14.3%+79.1%
Q1 2021-6.6%-6.7%-7.4%
Q4 2020-7.5%-9.3%-14.4%
Q3 2020-1.7%-7.9%-15.7%
Q2 2020-8.5%-6.8%-8.9%
Q1 2020+2.4%+13.9%+118.9%
Q4 2019+3.1%-0.3%-18.8%
Q3 2019-18.2%-25.6%+1.8%
Q2 2019-23.7%-36.0%-51.1%
Q1 2019-6.9%-9.1%-18.1%
Q4 2018-9.7%-12.1%-11.5%
Q3 2018-6.7%-13.3%-19.4%
Q2 2018-8.7%-8.3%+19.0%
Q1 2018+2.6%-0.5%-1.2%
Q4 2017+20.1%+12.5%+35.2%
Q3 2017+8.8%+8.8%+7.9%
Q2 2017+1.7%+2.4%+23.2%
Q1 2017-3.0%+4.1%+0.6%
Q3 2016+2.9%+0.0%-14.6%
Q2 2016-7.2%-12.6%-16.9%
Q1 2016-5.1%
Q3 2015-10.5%
Q4 2015-10.5%
Q1 2015-0.8%
Q2 2015-0.8%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013

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