NASDAQ$ETNB
89Bio Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
89bio reported financial results for the quarter ended September 30, 2020 and provided a corporate update.
89bio reported a net loss of $14.6 million for the third quarter of 2020. The company's cash, cash equivalents, and short-term investments totaled $219.2 million as of September 30, 2020. They also initiated their Phase 2 trial in SHTG and in NASH they announced impressive results from their Phase 1b/2a trial.
- Reported positive Phase 1b/2a clinical data evaluating BIO89-100 in NASH, showing strong efficacy and favorable tolerability.
- Initiated a Phase 2 trial of BIO89-100 in patients with SHTG.
- Completed underwritten public offerings of common stock in the third quarter, resulting in approximately $157.7 million in estimated net proceeds.
- Planning to present updated clinical data from the Phase 1b/2a trial as a late-breaking poster at AASLD’s The Liver Meeting® 2020 being held November 13-16.
Headline financials
Revenue & EPS history
89Bio · Revenue · Quarterly
$0
Forward guidance
89bio is planning to initiate a Phase 2b NASH trial in the first half of 2021 and report topline data from the Phase 2 trial of BIO89-100 in SHTG in the second half of 2021.
Tailwinds
- Present updated clinical data from the Phase 1b/2a trial as a late-breaking poster at AASLD’s The Liver Meeting® 2020 being held November 13-16 highlighting BIO89-100’s compelling clinical profile and preclinical data covering BIO89-100’s receptor activation profile.
- Initiate a new open-label histology cohort as part of the Phase 1b/2a trial of BIO89-100 in NASH. This new cohort will enroll approximately 20 patients with biopsy-confirmed NASH that will be treated for 20 weeks with 27mg QW BIO89-100.
- The new cohort will provide an early opportunity to demonstrate BIO89-100’s benefits on histology endpoints.
- This cohort is planned to start in the near term with results expected by the end of 2021.
- Initiate a Phase 2b NASH trial as part of the Phase 2b/3 program in the first half of 2021.
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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