NASDAQ$ANNX

Annexon Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Annexon reported fourth quarter and year-end 2022 financial results and reiterated anticipated milestones.

Annexon reported a net loss of $34.4 million for the quarter ended December 31, 2022, and cash and cash equivalents and short-term investments were $242.7 million as of December 31, 2022.

  • Initiated dosing in Phase 1 Multiple-Ascending Dose (MAD) Trial of ANX1502.
  • Completed expanded enrollment in the ongoing pivotal Phase 3 trial of ANX005 in patients with Guillain-Barré syndrome (GBS) in 2023 with pivotal data anticipated in the first half of 2024.
  • Completed the ongoing SAD trial of ANX1502 and identify the maximum tolerated dose; execute the ongoing MAD trial in healthy volunteers; and initiate a proof-of-concept study in patients with cold agglutinin disease (CAD) in 2023.
  • Completed the ongoing Phase 2 trial of ANX007 in patients with geographic atrophy (GA) and report initial data in mid-2023 followed by additional data by the end of 2023 after the conclusion of the six-month off-treatment period.

Headline financials

EPS (adj)

-$0.48

Previous: -$0.97+50.5%
R&D expenses

$28.5M

No prior period
G&A expenses

$8.16M

No prior period
Capital Expenditures

$282K

Previous: $855K-67.0%
Free Cash Flow

-$27.4M

Previous: -$29.2M+6.0%
Net Income

-$34.4M

Previous: -$37.4M+8.0%
Operating Income

-$36.7M

Previous: -$37.5M+2.0%
Cash & Equivalents

$140M

Previous: $74.8M+87.1%
Total Assets

$285M

Previous: $287M-0.7%
Stock-Based Comp

$4.83M

Previous: $4.36M+11.0%

Revenue & EPS history

Annexon · Revenue · Quarterly

$0

Q3 2025

Forward guidance

Annexon expects its cash, cash equivalents and marketable securities as of December 31, 2022, to be sufficient to fund the company’s current operating plan into 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+3.0%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+1.8%

Avg return

30 days after

64%

14 / 22 earnings

Positive

+23.1%

Q1 2022

Best reaction

-8.1%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-6.9%-4.6%-7.4%
Q3 2025-0.7%-9.1%+69.1%
Q1 2025+9.4%+8.8%+37.6%
Q4 2024+3.3%+15.5%-23.4%
Q3 2024-6.6%-16.6%-32.2%
Q2 2024+3.8%+11.3%+12.8%
Q1 2024+1.5%-8.8%+27.2%
Q4 2023+17.6%+8.0%-30.9%
Q3 2023+16.7%+22.4%+23.8%
Q2 2023-1.2%-2.1%-26.6%
Q1 2023+4.2%+3.7%-40.7%
Q4 2022+3.8%-8.0%-15.0%
Q3 2022-0.4%+16.6%+15.8%
Q2 2022+3.1%+17.2%+10.2%
Q1 2022+23.1%+25.0%+51.2%
Q4 2021-5.1%-11.0%-43.8%
Q3 2021+1.3%+0.2%-3.4%
Q2 2021-4.6%-13.7%+11.6%
Q1 2021+1.1%+9.3%+12.6%
Q4 2020-8.1%-17.4%-29.5%
Q3 2020+3.5%+9.1%+13.0%
Q2 2020+6.6%-1.2%+8.9%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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