NASDAQ$ALT

Altimmune Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Altimmune reported financial results for Q4 2019 and provided a corporate update.

Altimmune announces financial results for the year ended December 31, 2019. The company had cash, cash equivalents and short-term investments of $37.3 million. Revenue was $5.8 million and net loss was $20.97 million, or ($1.60) per share.

  • Initiated development of “AdCOVID”, single-dose intranasal COVID-19 vaccine candidate
  • Announced positive results for ALT-702 in a preclinical model of colorectal cancer
  • Acquired Spitfire Pharma, Inc. with NASH Candidate ALT-801
  • Awarded $3.7 million BARDA funding for NasoShield Phase 1b trial

Headline financials

Total Revenue

$576K

Previous: $2.59M-77.8%
EPS (adj)

-$0.25

Previous: -$0.02-1150.0%
Cash and Short-term Investments

$37.2M

No prior period
Net Income

-$20.5M

No prior period
Operating Income

-$21.5M

No prior period
Cash & Equivalents

$8.96M

No prior period
Total Assets

$54.1M

No prior period

Revenue & EPS history

Altimmune · Revenue · Quarterly

$576K

Q4 2019-77.8%vs Q4 2018
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

Altimmune is focused on developing treatments for liver disease, immune modulating therapies and vaccines. Key milestones include the development of AdCOVID vaccine, filing of the IND for ALT-801, initiation of a Phase 1 clinical study, and filing of the IND for HepTcell.

Tailwinds

  • Timing of key milestones for clinical assets
  • Development of AdCOVID vaccine product candidate
  • Initiation of animal testing in Q2 2020 and a Phase 1 clinical study in Q3 2020 for AdCOVID
  • Filing of the IND for ALT-801 in 2020
  • Initiation of a Phase 1 clinical study in 2020 and receipt of data from this clinical study in 2021

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
  • 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
  • Funding delays, reductions in or elimination of U.S. government funding

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 Q4 2019

Historical avgQ4 2019

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro