NASDAQ$ETNB
89Bio Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported financial results for the first quarter of 2021 and provided a corporate update.
89bio reported its Q1 2021 financial results, highlighting the FDA's written guidance on the Phase 2b ENLIVEN trial design for NASH and a cash position of $189.6 million as of March 31, 2021.
- Received FDA guidance on Phase 2b ENLIVEN trial design for NASH, planned to initiate in Q2 2021.
- Topline data from the paired-biopsy, open-label histology cohort in NASH patients expected by year-end 2021.
- Topline data from the Phase 2 ENTRIGUE trial in severe hypertriglyceridemia patients expected in 2H21.
- Cash, cash equivalents, and short-term investments totaled $189.6 million as of March 31, 2021.
Headline financials
Revenue & EPS history
89Bio · Revenue · Quarterly
$0
Forward guidance
89bio anticipates several milestones, including initiating the ENLIVEN Phase 2b trial in NASH, reporting topline data from the paired-biopsy cohort in NASH patients, and reporting topline data from the ENTRIGUE Phase 2 trial in severe hypertriglyceridemia patients.
Tailwinds
- Initiate Phase 2b ENLIVEN trial in NASH in Q2 2021.
- Report topline data from paired-biopsy, open-label histology cohort in NASH patients by year-end 2021.
- Report topline data from Phase 2 ENTRIGUE trial in severe hypertriglyceridemia patients in 2H21.
- BIO89-100 has potential in both NASH and severe hypertriglyceridemia (SHTG).
- Well-funded to reach multiple clinical and regulatory milestones.
Headwinds
- COVID-19 surge in Europe has resulted in enrollment challenges in certain geographies for the ENTRIGUE trial.
- The timing and outcome of 89bio’s initiation of the Phase 2b ENLIVEN trial in NASH and Phase 2 ENTRIGUE trial in SHTG are uncertain.
- Expectations regarding the timing of topline data are uncertain.
- Positive results from a clinical study may not necessarily be predictive of the results of future or ongoing clinical studies.
- The effect of the COVID-19 pandemic on 89bio’s clinical trials and business operations is uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
-0.1%
Avg return
Earnings day
-4.6%
Avg return
5 days after
-2.8%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+14.8%
Q4 2019
Best reaction
-19.4%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | +1.7% | +1.3% | -1.7% | |
| Q1 2025 | -3.7% | -4.1% | +18.6% | |
| Q4 2024 | -1.0% | -7.1% | -3.7% | |
| Q3 2024 | +2.8% | -10.9% | -20.6% | |
| Q2 2024 | -10.9% | -11.8% | -0.9% | |
| Q1 2024 | -3.5% | +0.8% | -10.2% | |
| Q4 2023 | +7.3% | -0.2% | -1.3% | |
| Q3 2023 | -11.8% | — | — | |
| Q2 2023 | +5.3% | — | — | |
| Q1 2023 | +1.3% | — | — | |
| Q4 2022 | -1.1% | — | — | |
| Q3 2022 | +14.2% | — | — | |
| Q2 2022 | +3.6% | — | — | |
| Q1 2022 | +14.6% | — | — | |
| Q4 2021 | +5.1% | — | — | |
| Q3 2021 | +1.4% | — | — | |
| Q2 2021 | +1.1% | — | — | |
| Q1 2021 | -19.4% | — | — | |
| Q4 2020 | -4.7% | — | — | |
| Q3 2020 | -0.8% | — | — | |
| Q2 2020 | +1.6% | — | — | |
| Q1 2020 | -6.2% | — | — | |
| Q4 2019 | +14.8% | — | — | |
| Q3 2019 | -13.5% | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — |
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