NASDAQ$EQ

Equillium Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Equillium reported financial results for the fourth quarter and full year 2021 and provided corporate and clinical development updates.

Equillium announced positive topline data from EQUATE study, initiated EQUATOR Phase 3 study, presented interim safety data from EQUALISE study, and acquired Bioniz Therapeutics. The company's clinical advancements were fueled by itolizumab, and the acquisition expands their pipeline.

  • Announced positive topline data from EQUATE study of itolizumab in first-line aGVHD.
  • Initiated EQUATOR Phase 3 study of itolizumab in first-line aGVHD.
  • Presented interim safety data and reduction in proteinuria from the EQUALISE study of itolizumab in lupus patients.
  • Acquired Bioniz Therapeutics, adding two first-in-class clinical-stage assets to pipeline and proprietary product discovery platform.

Headline financials

EPS (adj)

-$0.36

Previous: -$0.36+0.0%
Free Cash Flow

-$10.1M

No prior period
Net Income

-$10.6M

Previous: -$8.92M-19.1%
Operating Income

-$10.4M

Previous: -$8.97M-15.8%
Cash & Equivalents

$80.7M

Previous: $82.2M-1.8%
Total Assets

$85.4M

Previous: $85.4M-0.0%
Stock-Based Comp

$1.15M

No prior period

Revenue & EPS history

Equillium · Revenue · Quarterly

$0

Q3 2025-100%vs Q3 2024
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Forward guidance

Equillium anticipates several upcoming milestones and catalysts, including interim data from the EQUALISE Phase 1b study, initiation of a Phase 2 study for EQ101 in alopecia areata, and initiation of a Phase 1 study for EQ102 in celiac disease.

Tailwinds

  • Itolizumab - EQUALISE Phase 1b study: interim data from Type B patients (lupus nephritis) expected mid-2022
  • EQ101 - Initiate Phase 2 study in alopecia areata expected 2H 2022
  • EQ102 - Initiate Phase 1 study in celiac disease expected 2H 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 Q4 2021

Historical avgQ4 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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