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 19 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
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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