NASDAQ$ADAPY

Adaptimmune Therapeutics Plc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Adaptimmune reported financial results for the fourth quarter and full year ended December 31, 2022 and provided a business update.

Adaptimmune Therapeutics reported Q4 2022 revenue of $11.0 million compared to $1.4 million for the same period in 2021. The net loss for the fourth quarter was $29.3 million ($(0.03) per ordinary share), compared to $38.9 million ($(0.04) per ordinary share) for the same period in 2021.

  • BLA submission initiated for afami-cel, with aim to complete in mid-2023.
  • 52% response rate in ovarian, bladder and head & neck cancers in the Phase 1 SURPASS trial with next-generation MAGE-A4 product.
  • Adaptimmune will advance its wholly owned optimized PRAME TCR to be IND-ready in 2023.
  • Strategic combination to create a preeminent cell therapy company for solid tumors announced earlier today.

Headline financials

Total Revenue

$11M

Previous: $1.42M+678.3%
EPS (adj)

-$0.18

Previous: -$0.25+28.0%
Total Liquidity

$205M

Previous: $370M-44.6%
Capital Expenditures

$3.42M

Previous: $4.02M-15.0%
Free Cash Flow

-$1.37M

Previous: $130M-101.1%
Net Income

-$29.3M

Previous: -$38.9M+24.6%
Operating Income

-$27.2M

Previous: -$42.9M+36.4%
Gross Profit

-$12M

Previous: -$28.1M+57.2%
Cash & Equivalents

$108M

Previous: $150M-28.0%
Total Assets

$329M

Previous: $470M-30.0%
Stock-Based Comp

$3.95M

Previous: $4.83M-18.3%

Revenue & EPS history

Adaptimmune · Revenue · Quarterly

$11M

Q4 2022+678.3%vs Q4 2021
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 reductions in the Company’s operating costs as a result of the restructuring of the Company that is expected to be completed in the first quarter of 2023, will fund the Company’s current operations into early 2025.

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 Q4 2022

Historical avgQ4 2022

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro