NASDAQ$AUTL

Autolus Therapeu · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Autolus's financial position remained strong with a substantial cash balance, offset by a net loss due to increased operating expenses, while strategic advancements and pipeline developments progressed.

Autolus Therapeutics reported a net loss of $52.7 million for Q1 2024, compared to a net loss of $39.8 million for the same period in 2023. Cash and cash equivalents totaled $758.5 million as of March 31, 2024, compared to $239.6 million as of December 31, 2023. The company is advancing its obe-cel program and other pipeline developments, supported by recent financing and strategic collaborations.

  • Cash and cash equivalents reached $758.5 million, a significant increase from $239.6 million at the end of 2023.
  • Total operating expenses were $38.8 million, consistent with $39.1 million for the same period in 2023.
  • Net loss increased to $52.7 million, compared to $39.8 million in the first quarter of 2023.
  • The company focuses on advancing its pipeline development plans, including obe-cel and AUTO8 programs.

Headline financials

Total Revenue

$62K

Previous: $1.29M-95.2%
EPS (adj)

-$0.24

Previous: -$0.23-4.3%
Capital Expenditures

-$533K

Previous: $3.62M-114.7%
Free Cash Flow

-$53.2M

Previous: -$46M-15.6%
Net Income

-$52.7M

Previous: -$39.8M-32.4%
Operating Income

-$38.8M

Previous: -$35.1M-10.4%
Gross Profit

$62K

No prior period
R&D Expense

$30.7M

No prior period

Revenue & EPS history

Autolus · Revenue · Quarterly

$62K

Q1 2024-95.2%vs Q1 2023
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Autolus · $26.2M total across 1 segment · Q1 2026

  • AUCATZYL
    $26.2M

Forward guidance

Autolus anticipates several key milestones in 2024, including data updates from the obe-cel FELIX trial, regulatory submissions, and initial data from the obe-cel SLE Phase 1 study.

Tailwinds

  • Obe-cel FELIX data update at ASCO, EHA & ASH in May, June & Dec 2024
  • Obe-cel Marketing Authorization Application to MHRA in the second half of 2024
  • Obe-cel U.S. FDA PDUFA target action date is November 16, 2024
  • Initial data from SLE Phase 1 study expected in late 2024
  • Strategic CAR T cell therapy collaboration with BioNTech

Headwinds

  • Potential delays in regulatory submissions
  • Uncertainties in clinical trial outcomes
  • Risks associated with commercial manufacturing
  • Dependence on strategic collaborations
  • Market competition in the biopharmaceutical industry

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.5%

Avg return

Earnings day

-4.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

38%

12 / 32 earnings

Positive

+38.6%

Q3 2023

Best reaction

-23.6%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-1.4%-8.5%
Q1 2026-7.6%-5.3%-8.8%
Q3 2025-10.7%-10.7%+7.3%
Q2 2025-12.7%-27.9%-42.1%
Q1 2025+10.0%+3.3%+90.2%
Q4 2024-13.4%-16.5%-26.3%
Q3 2024-6.3%-12.3%-23.4%
Q2 2024-8.7%-6.7%-0.4%
Q1 2024-1.2%-5.7%+10.6%
Q4 2023+6.2%+13.1%-8.4%
Q3 2023+38.6%+24.7%+42.0%
Q2 2023-3.5%-5.1%+6.7%
Q1 2023-3.6%-1.5%+48.0%
Q4 2022+6.8%-0.5%-4.7%
Q3 2022-15.6%-25.9%+7.2%
Q2 2022+24.7%+18.3%+14.0%
Q1 2022-11.5%-19.0%-15.6%
Q4 2021+3.6%+1.8%+15.9%
Q3 2021+2.0%+25.8%+4.0%
Q2 2021+5.2%+4.9%+26.0%
Q1 2021+3.3%-4.0%+22.1%
Q4 2020-3.4%-1.1%-7.8%
Q3 2020-8.3%-7.9%-12.1%
Q2 2020+4.2%+2.3%-17.8%
Q1 2020-1.8%+1.6%+27.8%
Q4 2019+10.6%-1.8%-35.4%
Q3 2019-7.6%-11.8%+13.0%
Q2 2019-23.6%-32.4%-5.0%
Q1 2019+6.7%+0.9%-28.3%
Q4 2018-6.5%-4.3%-4.0%
Q3 2018-10.6%-12.6%-36.3%
Q2 2018-10.6%-12.6%-36.3%
Q1 2018
Q3 2017
Q2 2017
Q1 2017
Q4 2016

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