NASDAQ$GBIO

Generation Bio Co · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Generation Bio reported Q3 2023 financial results and business highlights.

Generation Bio reported a net loss of $28.3 million for the third quarter of 2023. The company's cash, cash equivalents, and marketable securities were $291.0 million as of September 30, 2023, which is expected to fund operations into 2026. The company also highlighted advances in its iqDNA and ctLNP platforms.

  • Developed iqDNA to evade innate immune sensors, showing promising preclinical results in NHPs.
  • Demonstrated highly selective T cell transduction with its ctLNP delivery system in a humanized mouse model.
  • Cash balance of $291.0 million as of September 30, 2023, is expected to fund operations into 2026.
  • Advanced iqDNA as its lead cargo across all programs, including its lead program in hemophilia A.

Headline financials

Total Revenue

$2.15M

No prior period
EPS (adj)

-$0.43

Previous: -$0.53+18.9%
Capital Expenditures

-$2.82M

Previous: $651K-532.7%
Free Cash Flow

-$30.6M

Previous: -$21.1M-44.8%
Net Income

-$28.3M

Previous: -$31.3M+9.7%
Operating Income

-$31.4M

Previous: -$32.7M+4.0%
Gross Profit

$853K

No prior period
Cash & Equivalents

$291M

Previous: $301M-3.4%
Total Assets

$381M

Previous: $403M-5.3%
R&D Expense

$20.6M

No prior period
Stock-Based Comp

$6M

Previous: $5.85M+2.7%

Revenue & EPS history

Generation Bio · Revenue · Quarterly

$2.15M

Q3 2023
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

Generation Bio · $2.15M total across 1 segment · Q3 2023

  • Collaboration revenue
    $2.15M—

Forward guidance

Generation Bio's cash position is expected to fund its operating plan into 2026.

Historical earnings impact

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

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+3.8%

Avg return

Earnings day

+5.9%

Avg return

5 days after

+8.6%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+61.7%

Q2 2025

Best reaction

-19.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025———
Q3 2025-3.3%+11.0%+2.7%
Q2 2025+61.7%+62.0%+46.9%
Q1 2025+4.5%+0.4%+4.0%
Q4 2024-3.7%-14.3%-9.5%
Q3 2024+8.7%-0.5%-40.8%
Q2 2024-2.0%-3.7%-10.2%
Q1 2024+18.4%+16.4%+1.9%
Q4 2023+3.1%+11.5%+39.4%
Q3 2023-1.7%+7.7%+46.2%
Q2 2023-5.3%-7.0%+6.8%
Q1 2023-5.0%-2.7%+0.4%
Q4 2022-8.4%-10.0%+15.5%
Q3 2022+12.2%——
Q2 2022+7.7%——
Q1 2022-19.7%——
Q4 2021+21.1%——
Q3 2021-1.5%——
Q2 2021-6.2%——
Q1 2021+0.3%——
Q4 2020-0.9%——
Q3 2020+8.5%——
Q4 2019-0.5%——
Q2 2020-0.5%——
Q1 2020———
Q3 2019———
Q2 2019———
Q1 2019———

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