NASDAQ$ANAB

Anaptysbio Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Anaptysbio's financial performance and business updates for Q3 2024 were reported.

AnaptysBio reported a net loss of $32.9 million for the third quarter of 2024, with collaboration revenue of $30.0 million. The company's cash and investments totaled $458.0 million, reiterating cash runway through year-end 2026. Clinical trial milestones for ANB032 and rosnilimab are anticipated in December 2024 and February 2025, respectively.

  • Top-line Phase 2b data for ANB032 in atopic dermatitis is anticipated in December 2024.
  • Top-line Phase 2b data for rosnilimab in rheumatoid arthritis is anticipated in February 2025.
  • Phase 1 trial initiated in healthy volunteers for ANB033.
  • Cash runway reiterated through year-end 2026, with cash and investments totaling $458.0 million as of September 30, 2024.

Headline financials

Total Revenue

$30M

Previous: $3.32M+804.7%
EPS

-$1.14

Previous: -$1.41+19.1%
Cash and Investments

$458M

No prior period
Capital Expenditures

-$95K

Previous: -$527K+82.0%
Free Cash Flow

-$32.9M

Previous: -$37.8M+12.9%
Net Income

-$32.9M

Previous: -$37.3M+11.9%
Operating Income

-$22.8M

Previous: -$37.7M+39.7%
Stock-Based Comp

$8.19M

Previous: $7.81M+4.9%

Revenue & EPS history

Anaptysbio · Revenue · Quarterly

$30M

Q3 2024+804.7%vs Q3 2023
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

AnaptysBio anticipates several clinical trial milestones and value drivers, including top-line data for ANB032 and rosnilimab, and the initiation of a Phase 1 trial for ANB033.

Tailwinds

  • Top-line Phase 2b data for ANB032 in AD anticipated in December 2024
  • Top-line Phase 2b data for rosnilimab in RA anticipated in February 2025
  • Phase 1 trial initiated for ANB033 in healthy volunteers in October 2024
  • Plan to initiate enrollment for Phase 1 trial for ANB101 in healthy volunteers in Q1 2025
  • GSK anticipates top-line data in H1 2025 from COSTAR Lung Phase 3 trial

Headwinds

  • The timing of the release of data from the Company’s clinical trials is uncertain.
  • The Company’s ability to find a licensing partner for imsidolimab or etokimab and the timing of any such transaction is uncertain.
  • The company’s projected cash runway is subject to change.
  • The potential to receive any additional royalties from the GSK collaboration is not guaranteed.
  • The company’s ability to advance its product candidates, obtain regulatory approval of and ultimately commercialize its product candidates is subject to risk.

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 2024

Historical avgQ3 2024

-1.7%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-2.2%

Avg return

30 days after

51%

20 / 39 earnings

Positive

+15.8%

Q4 2019

Best reaction

-71.3%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%-7.0%-20.1%
Q4 2025+14.5%+13.0%+9.2%
Q3 2025+3.5%-2.2%+27.7%
Q1 2025+0.9%+2.6%+18.2%
Q4 2024+4.8%+2.1%+15.5%
Q3 2024+11.4%+6.9%+18.7%
Q2 2024-2.1%+0.9%+13.3%
Q1 2024-9.1%-1.9%-9.0%
Q4 2023+5.1%-5.4%-10.6%
Q3 2023+6.0%-0.1%-9.3%
Q2 2023+1.3%+1.6%+6.5%
Q1 2023-9.5%-13.3%-12.9%
Q4 2022-1.4%-5.1%-12.6%
Q3 2022+0.7%+6.5%-3.0%
Q2 2022-6.2%+6.2%+7.0%
Q1 2022-11.6%-10.1%-14.3%
Q4 2021-3.5%-5.4%-14.6%
Q3 2021+8.9%+2.9%-11.2%
Q2 2021-1.0%+0.4%+15.0%
Q1 2021+3.0%+10.5%+0.6%
Q4 2020+8.4%+4.2%-19.9%
Q3 2020-1.5%-0.3%-18.7%
Q2 2020-5.6%-8.4%-14.4%
Q1 2020+0.2%+13.0%+10.3%
Q4 2019+15.8%+21.9%-11.0%
Q3 2019-71.3%-69.6%-61.2%
Q2 2019-1.4%-5.2%-20.5%
Q1 2019-6.8%-0.7%-3.5%
Q4 2018-1.6%-4.4%+1.8%
Q3 2018-16.1%-19.0%-16.5%
Q2 2018+4.6%+6.8%+10.2%
Q1 2018+0.5%+0.6%-18.8%
Q4 2017-6.6%-9.1%-26.6%
Q3 2017+1.3%+2.7%+37.1%
Q2 2016+0.8%-5.2%+46.0%
Q2 2017+0.8%-5.2%+46.0%
Q1 2016-1.1%+0.2%-15.9%
Q4 2016-1.1%+7.4%-12.4%
Q1 2017+2.5%+7.4%-12.4%
Q3 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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