NASDAQ$INO

Inovio Pharmaceuticals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Inovio reported financial results and operational highlights.

Inovio reported a net loss of $40.6 million, or $0.16 per share, for the quarter ended March 31, 2023. The company ended the quarter with $223.8 million in cash, cash equivalents and short-term investments and expects its cash runway to extend into the first quarter of 2025.

  • Announced additional positive data from Phase 1/2 trial for INO-3107 in recurrent respiratory papillomatosis patients.
  • Announced positive data from Phase 1b trial with INO-4201 as an Ebola booster for ERVEBO®.
  • Announced topline results for REVEAL2, the second Phase 3 trial for VGX-3100 as a treatment for cervical high-grade squamous intraepithelial lesions.
  • Ended the first quarter 2023 with $223.8 million in cash, cash equivalents and short-term investments.

Headline financials

Total Revenue

$115K

Previous: $199K-42.3%
EPS (adj)

-$1.92

Previous: -$4.32+55.6%
R&D expenses

$30.2M

Previous: $56M-46.1%
G&A expenses

$13.9M

Previous: $16M-12.9%
Capital Expenditures

-$297K

Previous: $0.00
Free Cash Flow

-$40.9M

Previous: -$79.1M+48.2%
Net Income

-$40.6M

Previous: -$79.1M+48.6%
Operating Income

-$44M

Previous: -$71.7M+38.7%
Gross Profit

$2.21M

Previous: $670K+229.5%
Cash & Equivalents

$28.2M

Previous: $59M-52.1%
Total Assets

$267M

Previous: $446M-40.2%
Stock-Based Comp

$3.81M

Previous: $7.71M-50.6%

Revenue & EPS history

Inovio · Revenue · Quarterly

$115K

Q1 2023-42.3%vs Q1 2022
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

INOVIO continues to expect its cash runway to extend into the first quarter of 2025. This projection includes a cash burn estimate of approximately $33 million for the second quarter 2023 and its ongoing expectation that cash burn will decrease incrementally from there into the first quarter of 2025.

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 2023

Historical avgQ1 2023

-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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