NASDAQ$KOD

Kodiak Sciences Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2021 financial results, highlighting KSI-301's potential and progress in clinical trials.

Kodiak Sciences reported a net loss of $93.2 million for the fourth quarter of 2021, compared to a net loss of $46.6 million for the fourth quarter of 2020. The company ended the quarter with $731.5 million in cash and cash equivalents. The study did not meet its primary efficacy endpoint.

  • KSI-301 Phase 2b/3 pivotal study in wet AMD did not meet its primary efficacy endpoint.
  • Continued progress in ongoing KSI-301 pivotal program.
  • Company continued making substantial progress in commercial manufacturing capabilities in collaboration with its partner Lonza.
  • Company continued advancing pipeline product candidates KSI-501 and KSI-601.

Headline financials

EPS (adj)

-$1.79

Previous: -$0.97-84.5%
R&D expenses

$75.6M

No prior period
G&A expenses

$17.5M

No prior period
Capital Expenditures

$8.43M

Previous: $1.96M+330.5%
Free Cash Flow

-$67.5M

Previous: -$29M-132.8%
Net Income

-$93.2M

Previous: -$46.6M-100.0%
Operating Income

-$93M

Previous: -$46.8M-98.6%
Cash & Equivalents

$732M

Previous: $969M-24.5%
Total Assets

$904M

Previous: $1.07B-15.3%
Stock-Based Comp

-$27.3M

Previous: $9.46M-388.2%

Revenue & EPS history

Kodiak Sciences · Revenue · Quarterly

$0

Q3 2025

Forward guidance

Kodiak Sciences anticipates several upcoming events and milestones.

Tailwinds

  • Announce top-line data for BEACON, Phase 3 pivotal study of KSI-301 in RVO, 3Q 2022
  • Complete enrollment in DAYLIGHT, short-interval pivotal study of KSI-301 in wet AMD, 1H 2022
  • Mechanical completion of the Lonza-Kodiak Ibex Dedicate facility in 1H 2022
  • Submit IND for KSI-501, a novel bispecific antibody biopolymer conjugate

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 Q4 2021

Historical avgQ4 2021

-1.5%

Avg return

Earnings day

-1.9%

Avg return

5 days after

+11.7%

Avg return

30 days after

48%

14 / 29 earnings

Positive

+24.4%

Q1 2023

Best reaction

-40.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-14.0%-32.6%
Q4 2025-7.1%+2.3%+15.3%
Q3 2025+3.7%+3.5%+26.2%
Q1 2025-2.0%+0.6%+3.4%
Q4 2024-7.2%-12.7%+34.6%
Q3 2024+0.5%+2.5%+54.0%
Q1 2024-2.6%-15.1%-26.8%
Q4 2023-40.3%-41.9%-56.0%
Q3 2023+12.2%+38.3%+71.1%
Q2 2023-16.1%-22.9%-33.4%
Q1 2023+24.4%+26.3%+92.9%
Q4 2022+22.5%+25.8%-6.9%
Q3 2022+3.9%+5.8%-0.1%
Q2 2022+12.5%+9.8%-11.2%
Q1 2022-4.9%+4.3%+60.6%
Q4 2021+2.4%-82.8%-84.7%
Q3 2021-8.3%-7.8%-28.2%
Q2 2021+1.4%+6.2%+14.6%
Q1 2021-19.6%-17.3%-22.7%
Q4 2020-3.0%-6.6%-12.1%
Q3 2020+8.0%+7.6%+14.3%
Q2 2020+1.2%-0.5%+7.2%
Q1 2020-2.3%-0.6%+13.4%
Q4 2019-21.9%-15.3%-6.0%
Q3 2019+0.4%+25.3%+170.1%
Q2 2019-10.9%+0.7%+30.6%
Q1 2019+15.3%+18.1%+59.6%
Q4 2018-1.5%-7.0%+11.1%
Q3 2018+1.1%+12.3%-19.4%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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