NASDAQ$ALT

Altimmune Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Altimmune reported financial results for Q1 2020 and provided a business update.

Altimmune reported a net loss attributed to common stockholders of $3.9 million, or ($0.26) per share, for the quarter ended March 31, 2020. Revenue was $2.2 million compared to $3 million in the prior year period. The company's cash, cash equivalents and short-term investments were $33 million at March 31, 2020.

  • Preclinical testing commenced on COVID-19 vaccine candidate, AdCOVID.
  • NasoShield Phase 1b trial is expected to begin in June.
  • Manufacturing of ALT-801 has commenced.
  • HepTcell manufacturing has been completed, and IND filing is expected next week.

Headline financials

Total Revenue

$2.21M

Previous: $2.96M-25.1%
EPS (adj)

-$0.26

Previous: -$0.27+3.7%
R&D Expenses

$7.2M

Previous: $3.2M+125.0%
G&A Expenses

$2.3M

Previous: $2.1M+9.5%
Capital Expenditures

-$18.1K

Previous: -$1.23K-1378.9%
Free Cash Flow

-$3.9M

Previous: -$2.1M-86.0%
Net Income

-$3.89M

Previous: -$2.1M-85.3%
Operating Income

-$7.31M

Previous: -$2.33M-213.8%
Cash & Equivalents

$11.3M

Previous: $44.3M-74.5%
Total Assets

$54.2M

Previous: $65.4M-17.0%

Revenue & EPS history

Altimmune · Revenue · Quarterly

$2.21M

Q1 2020-25.1%vs Q1 2019
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Altimmune is focused on developing treatments for liver disease, immune modulating therapies and vaccines.

Tailwinds

  • Advancing vaccine candidates, AdCOVID and Nasoshield.
  • IND enabling studies and manufacturing for ALT-801 and HepTcell.
  • Expected initiation of NasoShield, ALT-801 and AdCOVID clinical trials.
  • Finalizing manufacturing plans, and intends to conduct a Phase 1 clinical trial of AdCOVID in Q4 of this year.
  • IND filing for HepTcell expected next week.

Headwinds

  • Potential impacts due to the COVID-19 pandemic such as delays in regulatory review.
  • Manufacturing and supply chain interruptions.
  • Adverse effects on healthcare systems and disruption of the global economy.
  • The reliability of the results of the studies relating to human safety and possible adverse effects resulting from the administration of the Company’s product candidates.
  • Unforeseen safety and efficacy issues.

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 Q1 2020

Historical avgQ1 2020

+2.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+5.6%

Avg return

30 days after

60%

21 / 35 earnings

Positive

+35.0%

Q2 2022

Best reaction

-25.1%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-2.0%-8.8%-15.3%
Q4 2025-17.6%-9.6%-21.8%
Q3 2025+5.1%+14.1%+39.7%
Q1 2025-4.2%-7.2%+19.0%
Q4 2024+8.1%+0.3%-10.4%
Q3 2024+29.5%+3.5%+16.9%
Q2 2024+12.2%+14.7%+12.7%
Q1 2024+0.8%+9.2%-9.8%
Q4 2023+17.7%+18.3%-16.1%
Q3 2023+1.1%-6.4%+146.4%
Q2 2023+2.0%-4.7%-16.9%
Q1 2023+2.2%-6.6%-19.7%
Q4 2022+1.9%-2.0%-64.3%
Q3 2022+10.3%+12.7%+4.2%
Q2 2022+35.0%+37.3%+55.4%
Q1 2022+31.0%+34.3%+117.0%
Q4 2021+2.2%+12.1%-18.7%
Q3 2021-0.5%+1.3%-12.3%
Q2 2021+6.6%+14.9%+56.8%
Q1 2021+5.2%+4.7%+23.0%
Q4 2020-18.6%-19.5%-29.3%
Q3 2020-25.1%-18.6%-1.1%
Q2 2020-13.5%-5.5%-54.3%
Q1 2020+21.4%+21.6%+103.8%
Q4 2019-7.1%-6.5%-2.8%
Q3 2019-8.0%-10.9%-1.7%
Q2 2019-6.5%-6.5%-0.9%
Q1 2019+2.7%-4.7%-3.5%
Q4 2018+3.4%+6.6%-0.7%
Q3 2018-6.8%-9.1%-31.5%
Q2 2018+4.9%+0.3%-21.0%
Q1 2018+10.8%-1.9%+1.7%
Q4 2017-8.3%-5.9%-36.0%
Q3 2017-1.0%-7.1%-25.1%
Q2 2017-10.3%-12.0%+11.6%
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2012———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q3 2012———
Q2 2012———
Q1 2011———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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