NASDAQ$INO

Inovio Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

INOVIO reported financial results for the quarter ended March 31, 2022.

INOVIO reported total revenue of $199,000 for the three months ended March 31, 2022, compared to $371,000 for the same period in 2021. The net loss for the quarter was $79.1 million, or $0.36 per basic and diluted share, compared to a net loss of $54.4 million, or $0.27 per basic and diluted share, for the quarter ended March 31, 2021.

  • Prioritized heterologous booster strategy for COVID-19 vaccine candidate INO-4800 and discontinued Phase 3 INNOVATE trial.
  • Reported positive T cell immune response data with INO-4800 as a heterologous booster to an inactivated COVID-19 vaccine with partner Advaccine.
  • Announced change in plans for VGX-3100 following input from FDA on need for additional trials.
  • Appointed Jacqueline Shea, Ph.D. as CEO.

Headline financials

Total Revenue

$199K

Previous: $371K-46.4%
EPS (adj)

-$4.32

Previous: -$3.24-33.3%
R&D expenses

$56M

Previous: $39M+43.4%
G&A expenses

$16M

Previous: $13.9M+14.9%
Capital Expenditures

$0.00

Previous: -$211K+100.0%
Free Cash Flow

-$79.1M

Previous: -$54.6M-44.8%
Net Income

-$79.1M

Previous: -$54.4M-45.4%
Operating Income

-$71.7M

Previous: -$52.6M-36.5%
Gross Profit

$670K

Previous: $769K-12.9%
Cash & Equivalents

$59M

Previous: $83.6M-29.4%
Total Assets

$446M

Previous: $655M-32.0%
Stock-Based Comp

$7.71M

Previous: $9.6M-19.6%

Revenue & EPS history

Inovio · Revenue · Quarterly

$199K

Q1 2022-46.4%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

INOVIO is focused on advancing its DNA medicine platform and plans to leverage partnerships and collaborations to expand its pipeline and global reach.

Tailwinds

  • Prioritizing heterologous booster strategy for INO-4800.
  • Expanding partnership with Advaccine beyond INO-4800.
  • Advancing INO-3107 for Recurrent Respiratory Papillomatosis (RRP).
  • Presenting data from INO-5401 trial at ASCO Annual Meeting.
  • Continuing discussions with regulators for potential regulatory pathways for licensure of INO-4800.

Headwinds

  • Discontinuing Phase 3 INNOVATE trial for INO-4800.
  • Changing development plans for VGX-3100 based on FDA feedback.
  • No longer expecting to submit a BLA in 2023 for VGX-3100.
  • Net loss for the quarter ended March 31, 2022 was $79.1 million.
  • Total revenue was $199,000 for the three months ended March 31, 2022, compared to $371,000 for the same period in 2021.

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 Q1 2022

Historical avgQ1 2022

-1.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-5.9%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+21.6%

Q4 2014

Best reaction

-27.8%

Q2 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-13.5%-22.0%
Q4 2025-1.2%-1.2%-36.9%
Q3 2025-7.1%-4.7%-0.9%
Q1 2025-1.6%+7.8%+4.2%
Q4 2024-6.7%-10.5%-17.1%
Q3 2024-13.9%-18.6%-53.1%
Q2 2024-1.7%-8.1%-26.9%
Q1 2024+7.2%+12.7%-11.0%
Q4 2023-6.7%+24.4%+21.9%
Q3 2023-7.9%+0.0%+0.0%
Q2 2023+9.5%+9.5%+7.1%
Q1 2023-7.1%-8.3%-38.1%
Q4 2022+3.2%-4.0%-34.9%
Q3 2022+1.4%+9.3%-14.4%
Q2 2022+10.2%+11.4%-8.5%
Q1 2022-23.6%-16.0%-30.4%
Q4 2021-5.9%-4.0%+10.8%
Q3 2021+5.6%+9.1%-7.0%
Q2 2021-5.9%+1.3%-9.2%
Q1 2021-5.3%-4.4%+46.4%
Q4 2020-9.7%-17.2%-16.4%
Q3 2020+9.3%+6.6%+8.5%
Q2 2020-27.7%-26.9%-49.2%
Q1 2020+18.8%+23.7%+23.3%
Q4 2019-14.0%-12.3%-3.0%
Q3 2019-5.7%-4.1%+10.6%
Q2 2019-1.6%-6.3%-15.8%
Q1 2019-4.4%-9.2%-37.2%
Q4 2018+3.7%+0.0%+15.9%
Q3 2018+1.1%-7.5%-1.3%
Q2 2018+14.3%+13.8%+35.5%
Q1 2018-6.2%+1.1%-5.1%
Q4 2017+6.6%+12.6%+11.5%
Q3 2017-16.6%-14.3%-15.3%
Q2 2017-0.2%-1.4%+7.8%
Q1 2017+5.8%+15.2%+27.0%
Q4 2016-6.1%-7.7%-7.9%
Q3 2016+18.7%+26.8%+8.7%
Q2 2016-8.1%-9.1%-8.1%
Q1 2016+4.7%
Q4 2015-4.9%
Q3 2015+3.1%
Q2 2015+20.5%
Q1 2015+1.1%
Q4 2014+21.6%
Q3 2014+0.6%
Q2 2014-12.9%
Q1 2014+2.8%
Q4 2013-2.0%
Q3 2013-1.1%
Q2 2013-27.8%
Q1 2013+1.6%
Q4 2012-1.9%
Q3 2012-7.6%
Q2 2012+1.9%
Q1 2012-2.0%
Q4 2011-6.5%
Q3 2011-4.8%
Q2 2011+1.7%
Q1 2011+0.0%
Q4 2010-1.8%
Q3 2010+5.9%
Q2 2010-1.1%
Q1 2010-7.5%

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