NASDAQ$ADAPY

Adaptimmune Therapeutics Plc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Adaptimmune reported financial results and business update for Q3 2023.

Adaptimmune reported revenue of $7.3 million and a net loss of $45.6 million for the third quarter ended September 30, 2023. The company's cash runway is confirmed into early 2026.

  • Afami-cel BLA submission is on track for completion in Q4 2023.
  • SURPASS Phase 1 trial showed a 75% response rate in ovarian, urothelial, and head & neck cancers.
  • Phase 2 SURPASS-3 trial initiated for platinum resistant ovarian cancer.
  • Gavo-cel and TC-510 programs were terminated based on review of data.

Headline financials

Total Revenue

$7.32M

Previous: $7.01M+4.5%
EPS (adj)

-$0.18

Previous: -$0.24+25.0%
Total Liquidity

$162M

Previous: $200M-19.0%
Capital Expenditures

-$283K

Previous: $10M-102.8%
Free Cash Flow

-$45.5M

Previous: -$58.2M+21.8%
Net Income

-$45.6M

Previous: -$41.4M-10.1%
Operating Income

-$46.6M

Previous: -$43M-8.5%
Gross Profit

$4.44M

Previous: -$26.2M+117.0%
Cash & Equivalents

$90.1M

Previous: $79M+14.0%
Total Assets

$297M

Previous: $332M-10.7%
R&D Expense

$37.6M

No prior period
Stock-Based Comp

$3.18M

Previous: $3.66M-13.2%

Revenue & EPS history

Adaptimmune · Revenue · Quarterly

$7.32M

Q3 2023+4.5%vs Q3 2022
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

The Company believes that its existing cash, cash equivalents and marketable securities, together with the additional payments under the Strategic Collaboration and License Agreement with Genentech and payments under the Termination and Transfer Agreement with GSK, will fund the Company’s current operations into early 2026.

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 2023

Historical avgQ3 2023

-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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