NASDAQ$LYEL

Lyell Immunopharma Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Lyell Immunopharma reported financial results for the third quarter of 2022.

Lyell Immunopharma reported a net loss of $70.3 million for the third quarter ended September 30, 2022. Cash, cash equivalents and marketable securities as of September 30, 2022 were $750.7 million, which extends funding into 2026.

  • IND application for LYL845 cleared, advancing second wholly owned product candidate into clinical development.
  • Cash, cash equivalents and marketable securities of $750.7 million as of September 30, 2022, extends funding into 2026.
  • Advanced two product candidates into clinical development and added LYL119 to pipeline.
  • Initial clinical data from LYL797 and LYL845 expected in 2024.

Headline financials

Total Revenue

$3K

Previous: $2.76M-99.9%
EPS (adj)

-$0.18

Previous: -$0.15-20.0%
Non-GAAP R&D Expenses

$34.7M

No prior period
Non-GAAP G&A Expenses

$11.4M

No prior period
Non-GAAP Net Loss

-$43.7M

No prior period
Capital Expenditures

-$19.7M

Previous: -$55.2M+64.3%
Free Cash Flow

-$89.9M

Previous: -$104M+13.6%
Net Income

-$70.3M

Previous: -$48.9M-43.7%
Operating Income

-$66.4M

Previous: -$49.2M-35.1%
Gross Profit

$3K

Previous: $2.76M-99.9%
Cash & Equivalents

$751M

Previous: $936M-19.8%
Total Assets

$977M

Previous: $1.2B-18.4%
Stock-Based Comp

$19.1M

Previous: $13M+46.6%

Revenue & EPS history

Lyell Immunopharma · Revenue · Quarterly

$3K

Q3 2022-99.9%vs Q3 2021

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

  • Cash runway into 2026
  • Advancement of multiple product candidates through key clinical milestones
  • Initial clinical data from both wholly owned product candidates, LYL797 and LYL845, expected
  • Expense timing
  • Diligent expense management

Headwinds

  • Effects of the COVID-19 pandemic
  • Geopolitical instability
  • Macroeconomic conditions
  • Lack of experience as a company in enrolling, conducting or completing clinical trials
  • Potential for results from clinical trials to differ from preclinical, early clinical, preliminary or expected results

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 2022

Historical avgQ3 2022

+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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