NASDAQ$GOSS

Gossamer Bio Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full-year 2022 financial results and provided business update.

Gossamer Bio reported its Q4 2022 financial results, with a net loss of $55.8 million, or $0.59 per share. The company's cash, cash equivalents, and marketable securities totaled $255.7 million as of December 31, 2022.

  • FDA feedback on Seralutinib Phase 3 Clinical Trial Received; Expected to Commence in the Second Half of 2023
  • Topline Data from TORREY Study Open-Label Extension Expected in Mid-2023
  • Enrollment in GB5121 Phase 1b/2 Clinical Trial in PCNSL Paused
  • Cash, cash equivalents and marketable securities totaled $256 million at year-end 2022

Headline financials

EPS (adj)

-$0.59

Previous: -$0.74+20.3%
Capital Expenditures

$102K

Previous: $83K+22.9%
Free Cash Flow

-$47.8M

Previous: -$40.6M-17.8%
Net Income

-$55.8M

Previous: -$56.3M+0.9%
Operating Income

-$54.4M

Previous: -$51.7M-5.2%
Cash & Equivalents

$256M

Previous: $325M-21.4%
Total Assets

$272M

Previous: $344M-20.7%
Stock-Based Comp

$11.4M

Previous: $7.66M+49.5%

Revenue & EPS history

Gossamer Bio · Revenue · Quarterly

$17M

Q1 2026+71.5%vs Q1 2025
Beat estimate in 6 of 7 quarters(86%)
ActualEstimate

Revenue by segment

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

  • Collaborators
    $17M

Forward guidance

Gossamer Bio provided forward-looking statements regarding the anticipated timing of initiation and enrollment of clinical trials, the trial design of the Phase 3 clinical trial of seralutinib, plans to discuss the benefit/risk profile for GB5121, plans to advance product candidates, expectations on the timing of data readouts, and the expected timeframe for funding the operating plan with current resources.

Tailwinds

  • Anticipated timing of initiation and enrollment of clinical trials for product candidates.
  • Trial design of Phase 3 clinical trial of seralutinib based on regulatory feedback.
  • Plans to discuss benefit / risk profile for GB5121 with Data Review Committee.
  • Plans to advance product candidates.
  • Expectations on the timing of data readouts from clinical studies.

Headwinds

  • Potential delays in the commencement, enrollment and completion of clinical trials.
  • Later developments with and / or feedback from global regulatory authorities or the FDA that may differ from prior feedback which may alter planned Phase 3 clinical trial design and timing of initiation thereof.
  • Disruption to operations from the COVID-19 pandemic, including clinical trial delays.
  • Dependence on third parties in connection with product manufacturing, research and preclinical and clinical testing.
  • Unexpected adverse side effects or inadequate efficacy of product candidates that may limit their development, regulatory approval and/or commercialization, or may result in clinical holds, recalls or product liability claims.

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 Q4 2022

Historical avgQ4 2022

-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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