NASDAQ$GOSS

Gossamer Bio Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced financial results for the third quarter of 2020 and provided a corporate update.

Gossamer Bio reported a net loss of $57.8 million for the third quarter of 2020. As of September 30, 2020, the company's cash, cash equivalents, and marketable securities totaled $555.4 million.

  • SHIFT-UC Phase 2 trial enrolling patients with active ulcerative colitis (UC)
  • TORREY Phase 2 trial activated in patients with pulmonary arterial hypertension (PAH)
  • Two posters with data from ongoing Phase 1/2 KEYNOTE-A36 clinical trial in advanced solid tumors presented at Society for Immunotherapy of Cancer Meeting 2020
  • Engaging with global regulatory authorities about forward clinical development path for an oral DP2 antagonist in moderate-to-severe asthma

Headline financials

Total Revenue

$256K

Previous: $1K+25500.0%
EPS (adj)

-$0.80

Previous: -$0.80+0.0%
Capital Expenditures

-$1.25M

Previous: -$2.44M+48.6%
Free Cash Flow

-$59.1M

Previous: -$50.9M-16.0%
Net Income

-$57.8M

Previous: -$48.5M-19.2%
Operating Income

-$53.6M

Previous: -$50M-7.2%
Gross Profit

$256K

Previous: $1K+25500.0%
Cash & Equivalents

$462M

Previous: $131M+253.4%
Total Assets

$584M

Previous: $470M+24.4%
Stock-Based Comp

$8.92M

No prior period

Revenue & EPS history

Gossamer Bio · Revenue · Quarterly

$256K

Q3 2020+25,500%vs Q3 2019

Revenue by segment

Gossamer Bio · $17M total across 1 segment · Q1 2026

  • Collaborators
    $17M

Forward guidance

The Company expects the combination of current cash, cash equivalents and marketable securities, and access to its debt facility will be sufficient to fund its operating and capital expenditures into the second half of 2023.

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 Q3 2020

Historical avgQ3 2020

-0.6%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-1.1%

Avg return

30 days after

43%

13 / 30 earnings

Positive

+15.2%

Q4 2022

Best reaction

-15.6%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%-34.9%-50.9%
Q4 2025-10.8%-21.0%-5.5%
Q3 2025+2.2%+16.9%+44.2%
Q2 2025-8.5%-18.9%+15.7%
Q1 2025+1.0%+9.5%+18.1%
Q4 2024+0.0%+6.0%-38.4%
Q3 2024-0.9%-4.4%-15.1%
Q2 2024+4.3%+7.5%+12.5%
Q1 2024-3.2%-5.0%-23.2%
Q4 2023+4.1%-4.8%-26.2%
Q3 2023-12.0%+4.7%+73.1%
Q2 2023-7.0%-9.3%-24.7%
Q1 2023+3.7%-11.8%-7.4%
Q4 2022+15.2%+5.7%-0.5%
Q3 2022-0.8%-4.2%-14.9%
Q2 2022+4.6%+6.5%+13.7%
Q1 2022+12.5%+34.2%+9.5%
Q4 2021+3.7%+1.0%-2.8%
Q3 2021-1.4%-9.1%-16.6%
Q2 2021-0.8%+9.5%+18.9%
Q1 2021-0.7%-0.7%+1.7%
Q4 2020-9.4%-5.5%-11.6%
Q3 2020-0.9%-1.3%+4.2%
Q2 2020+5.1%+2.4%-1.1%
Q1 2020-15.6%-11.5%-27.8%
Q4 2019+5.5%+5.7%+40.0%
Q3 2019-4.3%-1.2%+12.4%
Q2 2019-2.5%+3.2%+2.6%
Q1 2019+1.3%+3.7%-3.9%
Q4 2018-4.9%-10.8%-30.1%
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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