NASDAQ$LYEL
Lyell Immunopharma Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Lyell Immunopharma reported financial results for the first quarter ended March 31, 2023.
Lyell Immunopharma reported a net loss of $67.0 million for the first quarter ended March 31, 2023. The company's cash, cash equivalents and marketable securities totaled $668.0 million as of March 31, 2023, which is expected to support operations into 2026.
- Two phase 1 clinical trials are recruiting patients at 14 sites across the US.
- Cash, cash equivalents and marketable securities totaled $668.0 million as of March 31, 2023, supporting pipeline advancement into 2026.
- Net loss for the first quarter was $67.0 million, compared to $68.1 million for the same period in 2022.
- Revenue was $0.1 million for the first quarter, compared to $0.6 million for the same period in 2022.
Headline financials
Revenue & EPS history
Lyell Immunopharma · Revenue · Quarterly
$65K
Forward guidance
Lyell believes that its cash, cash equivalents and marketable securities balances will be sufficient to meet working capital and capital expenditure needs into 2026.
Tailwinds
- Advancing four wholly-owned product candidates.
- Two product candidates, LYL797 and LYL845, are in Phase 1 clinical development.
- Two additional product candidates, LYL119 and a TIL product candidate incorporating novel genetic and epigenetic reprogramming technologies, are in preclinical development.
- An IND for LYL119 is expected to be submitted in the first half of 2024.
- Initial clinical data from the Phase 1 trial of LYL797 are expected in the first half of 2024.
Headwinds
- Effects of geopolitical instability.
- Macroeconomic conditions and the COVID-19 pandemic.
- Lyell’s ability to submit planned INDs or initiate or progress clinical trials on the anticipated timelines, if at all.
- Lyell’s limited experience as a company in enrolling and conducting clinical trials, and lack of experience in completing clinical trials.
- Lyell’s ability to manufacture and supply its product candidates for its clinical trials.
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 Q1 2023
+1.5%
Avg return
Earnings day
-4.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
73%
16 / 22 earnings
Positive
+20.3%
Q4 2024
Best reaction
-18.3%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | -7.0% | -42.1% | |
| Q4 2025 | +2.5% | -19.0% | -9.6% | |
| Q3 2025 | -1.3% | +1.7% | +95.5% | |
| Q1 2025 | +4.6% | +2.0% | +21.1% | |
| Q4 2024 | +20.3% | +15.5% | -10.3% | |
| Q3 2024 | -17.6% | -21.3% | -38.9% | |
| Q2 2024 | +1.4% | -8.1% | -20.9% | |
| Q1 2024 | +7.6% | +4.2% | +13.6% | |
| Q4 2023 | +2.5% | -8.6% | -21.8% | |
| Q3 2023 | +6.8% | -24.8% | -11.8% | |
| Q2 2023 | +1.5% | -1.9% | -16.8% | |
| Q1 2023 | +6.9% | +6.5% | +50.9% | |
| Q4 2022 | +9.6% | +1.4% | -1.8% | |
| Q3 2022 | -18.3% | -17.0% | -28.8% | |
| Q2 2022 | +16.3% | +20.2% | +10.1% | |
| Q1 2021 | -12.4% | -22.8% | +1.5% | |
| Q1 2022 | -12.4% | -22.8% | +1.5% | |
| Q4 2019 | +6.1% | +6.1% | +1.6% | |
| Q4 2021 | +6.1% | +6.1% | +1.6% | |
| Q3 2021 | -4.1% | -3.6% | -18.8% | |
| Q4 2020 | +2.8% | +2.2% | +24.6% | |
| Q2 2021 | +2.8% | +2.2% | +24.6% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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