NASDAQ$IOVA

Iovance Biotherapeutics Inc. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Iovance reported Q3 2023 financial results and corporate updates, with the FDA Priority Review of BLA on track for lifileucel in advanced melanoma.

Iovance Biotherapeutics reported a net loss of $113.8 million for the third quarter of 2023, with revenue of $0.5 million from Proleukin® sales. The company's cash, cash equivalents, investments and restricted cash totaled $427.8 million as of September 30, 2023, which is expected to fund operations into 2025.

  • FDA Priority Review of BLA for lifileucel in advanced melanoma is on track with a PDUFA date of February 24, 2023.
  • Positive regulatory feedback supports lifileucel regulatory submissions in Europe and Canada in 2024.
  • Onboarding completed at approximately 30 Authorized Treatment Centers (ATCs) in preparation for potential U.S. commercial launch of lifileucel.
  • The company is prepared to rapidly serve the U.S. melanoma community immediately following an FDA approval.

Headline financials

Total Revenue

$469K

Previous: $0.00
EPS (adj)

-$0.46

Previous: -$0.63+27.0%
Capital Expenditures

-$18.8M

Previous: $1.39M-1452.6%
Free Cash Flow

-$133M

Previous: -$65M-103.8%
Net Income

-$114M

Previous: -$99.6M-14.2%
Operating Income

-$118M

Previous: -$100M-17.9%
Gross Profit

-$3.87M

No prior period
Cash & Equivalents

$268M

Previous: $367M-27.0%
Total Assets

$852M

Previous: $546M+56.1%
R&D Expense

$87.5M

No prior period
Stock-Based Comp

$15.8M

Previous: $19.8M-20.0%

Revenue & EPS history

Iovance · Revenue · Quarterly

$469K

Q3 2023
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

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 2023

Historical avgQ3 2023

-1.0%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-1.2%

Avg return

30 days after

37%

20 / 54 earnings

Positive

+36.3%

Q4 2019

Best reaction

-45.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.2%-12.7%+3.4%
Q4 2025+30.1%+33.6%+27.7%
Q3 2025+27.9%+46.4%+21.5%
Q1 2025-45.1%-46.1%-35.3%
Q4 2024-19.4%-23.0%-32.3%
Q3 2024-12.8%-20.2%-25.6%
Q2 2024+35.3%+46.5%+36.6%
Q1 2024-18.1%-19.9%-41.9%
Q4 2023-8.9%+72.3%+67.9%
Q3 2023-3.5%-8.1%+55.8%
Q2 2023+7.8%+0.1%-17.7%
Q1 2023+7.9%+5.5%+13.0%
Q4 2022+1.8%+2.5%-14.2%
Q3 2022+0.0%-7.0%-23.1%
Q2 2022+1.2%-0.2%-8.8%
Q1 2022-12.4%-17.2%-52.4%
Q4 2021+10.2%+9.4%+20.5%
Q3 2021+0.6%-0.2%-33.4%
Q2 2021+3.2%+2.1%+10.1%
Q1 2021-2.4%-9.3%-38.7%
Q4 2020-5.4%-5.3%-27.3%
Q3 2020+2.2%-3.7%+8.9%
Q2 2020-5.3%-8.8%-0.7%
Q1 2020+1.2%+12.0%-4.3%
Q4 2019+36.3%+33.3%+29.4%
Q3 2019-0.7%+7.5%+12.5%
Q2 2019-3.5%-8.6%-14.6%
Q1 2019-5.5%-3.2%+61.2%
Q4 2018-1.7%+7.8%-9.0%
Q3 2018-3.2%-5.1%+5.3%
Q2 2018+6.9%+6.5%+23.3%
Q1 2018+0.7%+1.0%-16.2%
Q4 2017-8.6%-11.8%-21.2%
Q3 2017-6.5%+2.0%+18.3%
Q2 2017-5.1%-4.3%-1.7%
Q1 2017-9.8%-11.7%-24.8%
Q4 2016-1.3%+2.7%-10.1%
Q3 2016+5.1%+19.7%+2.6%
Q2 2016-2.1%-1.5%-11.1%
Q1 2016+4.4%
Q4 2015-5.4%
Q3 2015
Q4 2014+18.7%
Q1 2013-2.8%
Q2 2013-2.8%
Q4 2012+0.0%
Q3 2012-20.0%
Q2 2012-26.0%
Q1 2012+2.6%
Q4 2011-0.9%
Q3 2011-0.8%
Q2 2011-7.1%
Q1 2011+6.1%
Q4 2010+0.0%
Q3 2010-4.5%
Q2 2010
Q1 2010

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