NASDAQ$ALLO

Allogene Therapeutics Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Allogene Therapeutics reported financial results for the third quarter of 2022 and announced an Investor R&D Showcase.

Allogene Therapeutics reported the initiation of their Phase 2 ALPHA2 trial and ended the third quarter with $637 million in cash, cash equivalents and investments. The company will host a Research & Development Showcase on November 29, 2022.

  • Initiated the Industry’s First Allogeneic CAR T Phase 2 Trial (ALPHA2 Trial).
  • Readiness activities underway for initiation of the EXPAND Trial.
  • Company to Host Research & Development Showcase on November 29, 2022.
  • Ended Third Quarter with $637 Million in Cash, Cash Equivalents and Investments.

Headline financials

Total Revenue

$49K

Previous: $49K+0.0%
EPS (adj)

-$0.58

Previous: -$0.57-1.8%
Stock-Based Compensation Expense

$21.1M

Previous: $20.9M+1.0%
Capital Expenditures

-$3.5M

Previous: -$20.7M+83.1%
Free Cash Flow

-$86.6M

Previous: -$98.9M+12.4%
Net Income

-$83.1M

Previous: -$78.2M-6.3%
Operating Income

-$82.5M

Previous: -$77.7M-6.2%
Gross Profit

-$63.6M

Previous: -$58.7M-8.4%
Cash & Equivalents

$637M

Previous: $862M-26.0%
Total Assets

$888M

Previous: $1.08B-17.8%
Stock-Based Comp

$21.1M

Previous: $20.9M+1.4%

Revenue & EPS history

Allogene · Revenue · Quarterly

$49K

Q3 2022+0%vs Q3 2021
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

The Company expects full year GAAP Operating Expenses to be slightly below the low end of its prior guidance of $360 million and $390 million, including estimated non-cash stock-based compensation expense of $90 million to $100 million and excluding any impact from potential business development activities. Cash burn for 2022 is expected to be less than $250 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.1%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-5.0%

Avg return

30 days after

53%

16 / 30 earnings

Positive

+23.7%

Q3 2023

Best reaction

-11.8%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-16.0%-17.7%
Q4 2025-2.8%-13.0%+10.1%
Q3 2025+10.7%+17.1%+36.2%
Q1 2025-1.8%-1.8%+23.4%
Q4 2024+2.6%-10.6%-23.3%
Q3 2024-4.3%-11.8%-32.0%
Q2 2024-7.5%-7.5%-5.5%
Q1 2024+7.2%+0.4%-6.9%
Q4 2023-4.5%-10.0%-22.1%
Q3 2023+23.7%+15.9%-11.0%
Q2 2023+7.3%-11.3%-15.4%
Q1 2023+20.6%+18.1%+4.9%
Q4 2022+0.2%-5.4%-21.5%
Q3 2022-9.9%-14.2%-10.5%
Q2 2022+1.5%+8.1%-3.5%
Q1 2022+2.3%-18.9%-8.0%
Q4 2021-4.8%-5.9%-0.7%
Q3 2021-0.1%-5.8%-12.6%
Q2 2021+8.2%+3.2%+16.1%
Q1 2021-0.7%-1.4%-19.0%
Q4 2020+0.8%+0.5%-1.9%
Q3 2020-11.8%-17.5%-0.4%
Q2 2020+0.3%-0.6%-10.9%
Q1 2020-0.9%+8.2%+38.1%
Q4 2019+6.1%+8.1%-21.7%
Q3 2019-10.5%-5.5%+2.1%
Q2 2019+4.4%-0.9%-7.4%
Q1 2019-2.1%-2.5%-16.5%
Q4 2018-4.7%-9.3%-5.7%
Q3 2018+3.8%+8.3%-5.5%
Q2 2018
Q1 2018

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