NASDAQ$INO

Inovio Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

INOVIO reported financial results and provided a business update.

INOVIO reported Q4 2022 financial results, with a total revenue of $125,000 and a net loss of $54.5 million, or $0.22 per share. The company ended the year with $253 million in cash, cash equivalents, and short-term investments, maintaining its cash runway projections into the first quarter of 2025.

  • Announced topline results from REVEAL2, a Phase 3 trial evaluating VGX-3100 for cervical HSIL, which did not meet the primary endpoint in the biomarker-selected population but achieved statistical significance in the all-participants population.
  • Highlighted positive preliminary data from Phase 1/2 trial of INO-3107 for Recurrent Respiratory Papillomatosis.
  • Reported positive Phase 1b data for INO-4201 as Ebola booster for Ervebo®.
  • Ended 2022 with $253 million in cash, cash equivalents, and short-term investments, maintaining cash runway projections to first quarter 2025.

Headline financials

Total Revenue

$125K

Previous: $839K-85.1%
EPS (adj)

-$2.64

Previous: -$6.00+56.0%
Common shares outstanding

253.1M

No prior period
Capital Expenditures

$165K

Previous: $644K-74.3%
Free Cash Flow

-$36.5M

Previous: -$38.5M+5.3%
Net Income

-$54.5M

Previous: -$107M+49.0%
Operating Income

-$55.9M

Previous: -$106M+47.0%
Gross Profit

-$1.22M

Previous: -$540K-126.6%
Cash & Equivalents

$46.3M

Previous: $71.1M-34.9%
Total Assets

$349M

Previous: $496M-29.7%
Stock-Based Comp

$3.27M

Previous: $5.47M-40.2%

Revenue & EPS history

Inovio · Revenue · Quarterly

$125K

Q4 2022-85.1%vs Q4 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

INOVIO expects to maintain its cash runway into the first quarter of 2025, with an estimated cash burn of approximately $32 million for the first quarter 2023. Cash burn is expected to 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 Q4 2022

Historical avgQ4 2022

-1.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-5.5%

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%
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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