NASDAQ$IBRX

ImmunityBio Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported financial results for the third-quarter ended September 30, 2024.

ImmunityBio reported a net product revenue of approximately $6.0 million during the three months ended September 30, 2024, surpassing net product revenue of $1.0 million in the prior quarter and analyst estimates. The company's cash and marketable securities position was $130.4 million as of September 30, 2024.

  • ANKTIVA received a J-code (HCPCS Level II Code) in October 2024, effective January 1, 2025.
  • ANKTIVA is now widely accessible to patients through commercial and government insurance programs, securing coverage for over 200 million medical lives.
  • Net product revenue reached approximately $6.0 million during the three months ended September 30, 2024, exceeding the previous quarter and analyst estimates.
  • The company has extended the shelf life of ANKTIVA from two years to three years, with over 125,000 doses available.

Headline financials

Total Revenue

$6.11M

Previous: $82K+7346.3%
EPS

-$0.14

Previous: -$0.19+26.3%
R&D Expenses

$50.4M

Previous: $48.4M+4.1%
SG&A Expenses

$35.9M

Previous: $31.8M+12.8%
Fair Value Change - Warrant & Derivatives

$0.00

No prior period
Capital Expenditures

-$4.78M

Previous: -$22.6M+78.9%
Free Cash Flow

-$90.5M

Previous: -$118M+23.4%
Net Income

-$85.7M

Previous: -$95.6M+10.3%
Operating Income

-$80.3M

Previous: -$80.1M-0.1%
Gross Profit

$6.11M

Previous: $82K+7346.3%
Cash & Equivalents

$112M

Previous: $178M-37.1%
Total Assets

$365M

Previous: $432M-15.7%
R&D Expense

$49.9M

Previous: $47.9M+4.3%
Stock-Based Comp

$7.49M

Previous: $14.4M-48.2%

Revenue & EPS history

ImmunityBio · Revenue · Quarterly

$6.11M

Q3 2024+7,346.3%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The company anticipates an EU submission this quarter.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-1.9%

Avg return

30 days after

49%

21 / 43 earnings

Positive

+40.4%

Q3 2018

Best reaction

-63.3%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.5%-3.2%-17.5%
Q4 2025+13.2%+12.4%-7.2%
Q3 2025+3.4%+3.8%+10.1%
Q1 2025+6.4%+20.3%+35.2%
Q4 2024+6.0%+5.3%+4.2%
Q3 2024-11.4%-17.6%-44.2%
Q2 2024-17.2%-11.7%-20.3%
Q1 2024+2.5%+6.1%-23.0%
Q4 2023+14.5%+16.1%-6.1%
Q3 2023-9.3%+5.8%+0.0%
Q2 2023-9.7%-1.1%-29.2%
Q1 2023-63.3%-46.8%-54.3%
Q4 2022-16.8%-27.9%-25.4%
Q3 2022+7.4%+26.3%+26.3%
Q2 2022-3.3%+0.7%+0.4%
Q1 2022-19.3%+5.1%+16.6%
Q4 2021-4.6%-9.8%-11.3%
Q3 2021-8.7%-10.9%-24.9%
Q2 2021-0.1%-10.8%-12.2%
Q4 2020+14.7%-4.2%-12.3%
Q1 2021+14.7%+10.4%+5.0%
Q3 2020-3.5%-0.7%+26.6%
Q2 2020+7.2%-11.4%-39.0%
Q1 2020+17.5%+3.0%+46.8%
Q4 2019+16.4%+5.4%+21.8%
Q3 2019+2.8%+3.7%+38.9%
Q2 2019+8.3%+13.3%+4.2%
Q1 2019-7.3%-12.2%-15.4%
Q4 2018+1.7%+2.5%+16.8%
Q3 2018+40.4%-10.9%-41.9%
Q2 2018-7.8%-1.3%+2.2%
Q1 2018+0.5%+4.6%-4.3%
Q4 2017-6.5%-10.7%-17.8%
Q3 2017-5.7%-2.8%+17.3%
Q2 2017+5.4%-0.5%+5.8%
Q1 2017+5.5%+35.8%+49.5%
Q4 2016-2.0%-0.3%-3.7%
Q3 2016+2.2%+1.2%-12.8%
Q2 2016-2.2%-3.1%+20.6%
Q1 2016+1.8%
Q4 2015-3.3%
Q3 2015-3.5%
Q2 2015-1.4%

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