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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