NASDAQ$ADAPY

Adaptimmune Therapeutics Plc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Adaptimmune reported financial results for Q4 and full year 2023 and provided a business update.

Adaptimmune reported Q4 2023 revenue of $0.2 million and a net loss of $47.9 million. The company's cash and cash equivalents totaled $143.9 million as of December 31, 2023. Adaptimmune is preparing to launch afami-cel in Q3 2024.

  • FDA accepted BLA for afami-cel with priority review and a PDUFA date of August 4th, 2024.
  • Confirmatory evidence for afami-cel full approval agreed with FDA; will use data from Cohort 2 of pivotal SPEARHEAD-1 trial, which is fully enrolled.
  • Company is targeting launch of afami-cel upon receipt of FDA approval with commercial, manufacturing, and supply chain teams preparing for product delivery.
  • Cash runway into early 2026 with greater than $300 million including current cash on hand, future expected income from partners and projected other non-dilutive capital sources.

Headline financials

Total Revenue

$231K

Previous: $11M-97.9%
EPS (adj)

-$0.24

Previous: -$0.18-33.3%
Total Liquidity

$147M

Previous: $205M-28.2%
Capital Expenditures

-$828K

Previous: $3.42M-124.2%
Net Income

-$47.9M

Previous: -$29.3M-63.5%
Operating Income

-$49.9M

Previous: -$27.2M-83.0%
Gross Profit

-$2.64M

Previous: -$12M+78.0%
R&D Expense

$37.2M

No prior period
Stock-Based Comp

$3.08M

Previous: $3.95M-21.9%

Revenue & EPS history

Adaptimmune · Revenue · Quarterly

$231K

Q4 2023-97.9%vs Q4 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 Q4 2023

Historical avgQ4 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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