NASDAQ$LYEL

Lyell Immunopharma Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Lyell Immunopharma reported financial results for the third quarter of 2021 and provided business highlights.

Lyell Immunopharma reported a net loss of $48.9 million for the third quarter of 2021, compared to a net loss of $35.7 million for the same period in 2020. The company's cash and investments were $936.4 million as of September 30, 2021.

  • Advanced multi-modality pipeline remains on track.
  • Preparing to initiate multiple clinical trials incorporating two platforms.
  • Cash and investments of $936.4 million as of September 30, 2021.
  • Plan to submit four INDs by the end of 2022.

Headline financials

Total Revenue

$2.76M

Previous: $1.07M+157.5%
EPS (adj)

-$0.15

Previous: -$0.17+11.1%
R&D Expenses

$31.4M

Previous: $24.5M+28.2%
G&A Expenses

$21.2M

Previous: $13.6M+55.9%
Capital Expenditures

-$55.2M

No prior period
Free Cash Flow

-$104M

No prior period
Net Income

-$48.9M

Previous: -$35.7M-36.8%
Operating Income

-$49.2M

Previous: -$36.8M-33.4%
Gross Profit

$2.76M

Previous: $1.07M+157.5%
Cash & Equivalents

$936M

No prior period
Total Assets

$1.2B

No prior period
Stock-Based Comp

$13M

No prior period

Revenue & EPS history

Lyell Immunopharma · Revenue · Quarterly

$2.76M

Q3 2021+157.5%vs Q3 2020
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Lyell anticipates progress in business plans, business strategy and planned clinical trials, plans to submit four INDs, potential clinical benefits and therapeutic potential of Lyell’s product candidates.

Tailwinds

  • Lyell’s anticipated progress.
  • Lyell’s business plans
  • Lyell’s business strategy
  • Lyell’s planned clinical trials
  • Potential clinical benefits and therapeutic potential of Lyell’s product candidates

Headwinds

  • Effects of the evolving COVID-19 pandemic
  • Lyell’s ability to submit planned INDs on the anticipated timing or at all
  • Initiation of planned clinical trials and enrollment of patients in its future clinical trials
  • Lyell’s ability to manufacture and supply its product candidates for its future clinical trials
  • The preclinical profiles of Lyell’s product candidates not translating in 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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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