NASDAQ$ALT
Altimmune Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Altimmune reported a net loss for Q3 2021, while making progress in clinical trials for pemvidutide and HepTcell.
Altimmune reported a net loss of $33.5 million for the third quarter of 2021, compared to a net loss of $17.8 million for the same period in 2020. The company's cash, cash equivalents, and short-term investments totaled $199.9 million as of September 30, 2021. Pemvidutide's Phase 1 clinical trial showed positive results, including a reduction in liver fat to undetectable levels in subjects with hepatic steatosis.
- Pemvidutide Phase 1 trial showed reduction of liver fat to undetectable levels after 6 weeks.
- Approximately $200 million in cash and short-term investments to advance pipeline.
- IND application for NASH cleared and enrollment initiated in Phase 1b clinical trial in NAFLD.
- Weight loss data from 12-week Phase 1 clinical trial of pemvidutide showed positive results.
Headline financials
Revenue & EPS history
Altimmune · Revenue · Quarterly
$158K
Forward guidance
Altimmune anticipates several key milestones in the development of its clinical assets. They expect to submit an Investigational New Drug application (IND) for obesity by the end of the year and commence a 48-week Phase 2 obesity study in the first half of 2022. Data readouts from the pemvidutide 12-week Phase 1b NAFLD trial and the pemvidutide drug/drug interaction trial are expected in the first half of 2022. A 12-week Phase 1 study to further characterize the safety and pharmacokinetics of pemvidutide in diabetic subjects is expected to be initiated in Q1 2022.
Tailwinds
- IND for obesity expected by year end
- 48-week Phase 2 obesity study expected to commence in the first half of 2022
- Pemvidutide 12-week Phase 1b NAFLD trial data readout expected in the first half of 2022
- Pemvidutide drug/drug interaction trial data readout expected in the first half of 2022
- 12-week Phase 1 study in diabetic subjects expected to be initiated in Q1 2022
Headwinds
- Potential impacts due to the COVID-19 pandemic such as delays in regulatory review
- Manufacturing and supply chain interruptions
- Access to clinical sites
- Enrollment challenges
- Adverse effects on healthcare systems and disruption of the global economy
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 2021
+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
| Quarter | Report date | Reaction (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% | |
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