NASDAQ$EQ

Equillium Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Equillium reported financial results for the third quarter of 2021 and provided clinical development updates.

Equillium announced plans to initiate a pivotal study of itolizumab in first-line treatment of acute graft-versus-host disease. They also reported a decrease in proteinuria observed in a subgroup of patients with lupus following two doses of itolizumab and interim safety data from the first cohort of asthma patients in the Phase 1b EQUIP study.

  • Plans announced to initiate a pivotal study in first-line acute graft-versus-host disease.
  • Reported decrease in proteinuria observed in subgroup of patients with lupus following two doses of itolizumab.
  • Reported interim safety data from first cohort of asthma patients in Phase 1b EQUIP study.
  • Company reaffirms guidance for EQUIP Phase 1b topline data in Q4 2021, and updates guidance to commence acute GVHD pivotal study in early 2022 and for interim data from EQUALISE Phase 1b Type B lupus nephritis patients to mid-2022.

Headline financials

EPS (adj)

-$0.35

Previous: -$0.31-12.9%
Capital Expenditures

$34K

No prior period
Free Cash Flow

-$7.04M

No prior period
Net Income

-$10.3M

Previous: -$6.6M-55.8%
Operating Income

-$9.86M

No prior period
Cash & Equivalents

$90.7M

Previous: $90.5M+0.2%
Total Assets

$92.5M

No prior period
Stock-Based Comp

$1.15M

No prior period

Revenue & EPS history

Equillium · Revenue · Quarterly

$0

Q3 2025-100%vs Q3 2024
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Equillium provided guidance for upcoming catalysts.

Tailwinds

  • EQUIP Phase 1b study: topline data in uncontrolled asthma expected Q4 2021
  • Initiate pivotal study in first-line aGVHD expected early 2022
  • EQUALISE Phase 1b study: interim data from Type B lupus nephritis patients expected mid-2022

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 2021

Historical avgQ3 2021

+1.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-1.3%

Avg return

30 days after

55%

17 / 31 earnings

Positive

+42.0%

Q3 2020

Best reaction

-27.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+1.8%-18.9%
Q3 2025+23.8%+20.2%+52.4%
Q2 2025+16.3%+16.3%+90.8%
Q1 2025+5.4%+5.4%-5.4%
Q1 2026+5.4%+5.4%-5.4%
Q4 2024-2.5%-10.0%-16.0%
Q3 2024-19.5%-20.0%-17.6%
Q2 2024-4.6%+0.0%+27.4%
Q1 2024-10.0%-9.4%-52.9%
Q4 2023-27.0%-18.1%-36.5%
Q3 2023-1.8%+0.0%+22.0%
Q2 2023+3.9%+2.6%+6.5%
Q1 2023+3.6%+7.1%+17.9%
Q4 2022+12.3%+10.8%-4.6%
Q3 2022+6.5%+5.9%-28.2%
Q2 2022+1.4%-1.8%-25.5%
Q1 2022+3.7%+13.8%+0.0%
Q4 2021+0.0%-9.1%-10.3%
Q3 2021-13.6%-14.5%-27.0%
Q2 2021+2.7%+2.2%-2.4%
Q1 2021+6.1%+22.3%+19.0%
Q4 2020-8.5%-12.7%-19.5%
Q3 2020+42.0%+27.6%+34.1%
Q2 2020-12.8%-29.7%-45.0%
Q1 2020-14.9%-20.6%-19.7%
Q4 2019-1.1%+2.3%+7.5%
Q3 2019-1.2%+7.1%+45.7%
Q2 2019-0.5%+7.1%-0.5%
Q1 2019+2.0%+2.5%+0.3%
Q4 2018+6.1%+9.2%-20.2%
Q3 2018+6.4%-8.7%-24.5%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017

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