NASDAQ$HUMA

Humacyte Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Humacyte reported financial results for the third quarter ended September 30, 2021, and highlighted recent corporate accomplishments.

Humacyte completed its business combination with Alpha Healthcare Acquisition Corp. and raised $242M in proceeds. The company progressed advanced-stage clinical- and early-stage programs of the human acellular vessel (HAV™) and other engineered tissue platform applications.

  • Completed business combination with Alpha Healthcare Acquisition Corp.
  • Raised $242M in proceeds.
  • Progressed advanced-stage clinical- and early-stage programs of the human acellular vessel (HAV™).
  • Company is laying a strong foundation of clinical, technical and infrastructure progress to support continued advancement toward commercialization.

Headline financials

Total Revenue

$241K

Previous: $1.37M-82.4%
EPS (adj)

-$0.50

Previous: -$8.74+94.3%
Capital Expenditures

-$175K

Previous: $305K-157.4%
Free Cash Flow

-$31.7M

Previous: -$40.7M+22.0%
Net Income

-$31.6M

Previous: -$17.8M-77.7%
Operating Income

-$20.5M

Previous: -$17.2M-19.3%
Gross Profit

$1.09M

Previous: $1.37M-20.6%
Cash & Equivalents

$240M

Previous: $1.32M+18166.8%
Total Assets

$303M

Previous: $101M+199.4%
Stock-Based Comp

$1.88M

Previous: $3.47M-45.8%

Revenue & EPS history

Humacyte · Revenue · Quarterly

$241K

Q3 2021-82.4%vs Q3 2020
Beat estimate in 1 of 10 quarters(10%)
ActualEstimate

Forward guidance

Humacyte is focused on advancing its bioengineered tissue platform to create novel human acellular tissues and organs and transition to a public company.

Tailwinds

  • Advancing bioengineered tissue platform.
  • Creating novel human acellular tissues and organs.
  • Transitioning to a public company.
  • Laying a strong foundation of clinical progress.
  • Laying a strong foundation of technical progress.

Headwinds

  • Impact of COVID-19 on Humacyte’s business.
  • Changes in applicable laws or regulations.
  • Possibility that Humacyte may be adversely affected by other economic factors.
  • Possibility that Humacyte may be adversely affected by other business factors.
  • Possibility that Humacyte may be adversely affected by competitive factors.

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 2021

Historical avgQ3 2021

+5.1%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.5%

Avg return

30 days after

62%

13 / 21 earnings

Positive

+37.0%

Q2 2023

Best reaction

-30.1%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+22.9%-1.5%+15.2%
Q4 2025-15.1%-25.1%-33.0%
Q3 2025-3.2%-11.7%+2.3%
Q2 2025-30.1%-24.2%-40.3%
Q1 2025+19.5%+23.8%+25.4%
Q4 2024-2.5%-27.4%-28.4%
Q3 2024+4.9%+1.5%-8.2%
Q1 2024+21.2%+43.1%+60.8%
Q4 2023-12.8%-13.9%+2.8%
Q3 2023+7.3%+9.1%+27.9%
Q2 2023+37.0%+8.9%+19.0%
Q1 2023-6.1%-2.5%+1.1%
Q4 2022+4.9%-1.3%+7.1%
Q3 2022+2.2%-5.4%-4.5%
Q2 2022+8.6%+9.1%+2.5%
Q1 2022-9.5%-12.7%-18.8%
Q4 2021+14.1%+12.2%+16.5%
Q2 2021+14.1%+12.2%+16.5%
Q3 2021+9.0%+18.4%+4.0%
Q1 2021+0.0%+0.0%+4.9%
Q4 2020+21.2%+28.4%+1.5%
Q3 2020

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