NASDAQ$LGVN

Longeveron Inc-A · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results and corporate update for the fourth quarter and full year of 2022.

Longeveron reported fourth quarter revenue of $0.1 million and a net loss of $4.5 million. The company's cash and short-term investments totaled $19.6 million. They believe that existing cash and short-term investments will be sufficient to cover expenses and capital requirements into the first half of 2024.

  • Longeveron executed on multiple key milestones, advancing Lomecel-BTM for multiple indications in 2022.
  • Full data from the ELPIS I trial of Lomecel-BTM for infants with HLHS was published in European Heart Journal Open.
  • Progress was made with the Japan Aging-Related Phase 2 study.
  • First patient to be randomized in Japan Aging-Related Phase 2 study in Q1.

Headline financials

Total Revenue

$121K

Previous: $209K-42.1%
EPS (adj)

-$2.10

Previous: -$2.00-5.0%
Capital Expenditures

$66K

Previous: $312K-78.8%
Free Cash Flow

-$2.37M

Previous: -$1.59M-49.0%
Net Income

-$4.5M

Previous: -$4.1M-9.8%
Operating Income

-$4.8M

Previous: -$4M-20.0%
Gross Profit

-$54K

Previous: $69K-178.3%
Cash & Equivalents

$10.5M

Previous: $35M-70.0%
Total Assets

$27.4M

Previous: $42.8M-35.9%
Stock-Based Comp

-$1.52M

Previous: $998K-252.4%

Revenue & EPS history

Longeveron · Revenue · Quarterly

$121K

Q4 2022-42.1%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Longeveron · $150K total across 1 segment · Q4 2023

  • Clinical Trial Revenue
    $150K

Forward guidance

Based on the Company’s current operating plan and financial resources, they believe that their existing cash and short-term investments will be sufficient to cover expenses and capital requirements into first half of 2024.

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

-5.1%

Avg return

Earnings day

-5.7%

Avg return

5 days after

+23.1%

Avg return

30 days after

35%

7 / 20 earnings

Positive

+10.0%

Q1 2022

Best reaction

-35.7%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-11.0%
Q4 2025-4.7%-0.7%+6.1%
Q3 2025-4.3%-7.3%-23.1%
Q1 2025-10.1%-9.4%-17.4%
Q4 2024-9.2%-5.3%+2.0%
Q3 2024-2.3%-8.8%-14.3%
Q2 2024-7.5%-11.3%-21.8%
Q1 2024+3.1%-1.5%+106.9%
Q4 2023+0.7%+0.0%-39.8%
Q3 2023-6.7%-0.5%+17.6%
Q2 2023-6.5%-12.0%-25.8%
Q1 2023-6.1%-11.9%-0.9%
Q4 2022-15.5%-17.5%-25.0%
Q3 2022+5.1%+2.6%-14.1%
Q2 2022+3.9%+1.3%-14.5%
Q1 2022+10.0%+16.2%-0.7%
Q4 2021-14.4%-7.1%+37.8%
Q3 2021-4.9%-15.6%+461.6%
Q2 2021-35.7%-32.9%-31.1%
Q1 2021+1.7%+17.9%+35.8%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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