NASDAQ$ANAB

Anaptysbio Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

AnaptysBio reported its fourth quarter and full year 2024 financial results, highlighting positive Phase 2b data for rosnilimab in rheumatoid arthritis and a strong cash position.

AnaptysBio announced positive Phase 2b data for rosnilimab in rheumatoid arthritis, showing impressive safety, tolerability, and efficacy. The company reported a net loss of $21.8 million for Q4 2024, with collaboration revenue of $43.1 million. Cash and investments stood at $420.8 million at year-end 2024, with a reiterated cash runway through year-end 2027.

  • Rosnilimab achieved positive results from its Phase 2b rheumatoid arthritis trial, demonstrating highest-ever reported CDAI LDA response over 6 months.
  • Top-line Phase 2 data for rosnilimab in ulcerative colitis is now anticipated in Q4 2025, moved up from previous expectations.
  • AnaptysBio entered an exclusive global license agreement with Vanda Pharmaceuticals for imsidolimab, receiving $15 million upfront.
  • The company ended 2024 with approximately $420.8 million in cash and investments, reiterating a cash runway through year-end 2027.

Headline financials

Total Revenue

$43.1M

Previous: $9.01M+378.8%
EPS (adj)

-$0.72

Previous: -$1.59+54.7%
R&D Expenses

$42.6M

No prior period
G&A Expenses

$10.2M

No prior period
Net Income

-$21.8M

Previous: -$42.2M+48.4%
Operating Income

-$9.67M

Previous: -$34.8M+72.2%

Revenue & EPS history

Anaptysbio · Revenue · Quarterly

$43.1M

Q4 2024+378.8%vs Q4 2023
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

AnaptysBio anticipates reporting full clinical and translational data for rosnilimab in RA in Q2 2025 and top-line Phase 2 data for rosnilimab in UC in Q4 2025. The company expects to initiate a Phase 1a trial for ANB101 in Q1 2025 and disclose the Phase 1b indication for ANB033 at a 2025 R&D event. GSK anticipates top-line data from COSTAR Lung Phase 3 trial in H1 2025 and AZUR-1 pivotal Phase 2 trial in 2026.

Tailwinds

  • Full clinical and translational data for rosnilimab in RA expected in Q2 2025.
  • Top-line Phase 2 data for rosnilimab in UC moved up to Q4 2025.
  • Phase 1a trial for ANB101 to initiate in Q1 2025.
  • Potential for future regulatory approvals and sales milestones from Vanda Pharmaceuticals agreement.
  • Potential for additional milestones and royalties from GSK collaboration.

Headwinds

  • No specific negative forward guidance was provided in the report.

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 2024

Historical avgQ4 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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