NASDAQ$LYEL

Lyell Immunopharma Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Lyell Immunopharma reported financial results for Q4 and full year 2022, initiated Phase 1 clinical trials for two product candidates, and presented nonclinical data at scientific conferences.

Lyell Immunopharma reported a net loss of $8.4 million for the fourth quarter of 2022, with revenue of $48.4 million. The company's cash, cash equivalents, and marketable securities totaled $710.3 million as of December 31, 2022, which is expected to fund operations into 2026. Two Phase 1 clinical trials were initiated, and nonclinical data were presented at scientific conferences.

  • Initiated Phase 1 clinical trials for LYL797 and LYL845, wholly-owned product candidates for solid tumors.
  • Presented nonclinical data highlighting CAR T cell and TIL product candidates at scientific conferences.
  • Revenue for the fourth quarter was $48.4 million, primarily driven by recognizing deferred revenue from the GSK collaboration agreement.
  • Cash, cash equivalents, and marketable securities totaled $710.3 million as of December 31, 2022, providing a cash runway into 2026.

Headline financials

Total Revenue

$48.4M

Previous: $2.82M+1614.6%
EPS (adj)

-$0.03

Previous: -$0.17+82.4%
Capital Expenditures

$4.58M

Previous: $10.3M-55.4%
Free Cash Flow

-$44.8M

Previous: -$43.4M-3.2%
Net Income

-$8.4M

Previous: -$83.7M+90.0%
Operating Income

-$14.8M

Previous: -$47.5M+68.9%
Gross Profit

-$4.54M

Previous: -$1.17M-289.0%
Cash & Equivalents

$710M

Previous: $294M+141.7%
Total Assets

$938M

Previous: $1.13B-16.8%
Stock-Based Comp

$18.4M

Previous: $21.2M-13.3%

Revenue & EPS history

Lyell Immunopharma · Revenue · Quarterly

$48.4M

Q4 2022+1,614.6%vs Q4 2021

Forward guidance

Lyell anticipates progress, business plans, business strategy and clinical trials; Lyell advancing its pipeline or growing its capabilities; the potential clinical benefits and therapeutic potential of Lyell’s product candidates; Lyell’s expectation that its strong financial position with cash runway into 2026 will enable it to demonstrate the value of its two lead clinical programs and continue to invest in and develop its pipeline; expected milestones; enrollment expectations for the Phase 1 clinical trials of LYL797 and LYL845; the timing of initial clinical data from Lyell’s planned Phase 1 trials for LYL797 and LYL845

Tailwinds

  • Advancing pipeline
  • Growing capabilities
  • Potential clinical benefits
  • Therapeutic potential of Lyell’s product candidates
  • strong financial position with cash runway into 2026

Headwinds

  • Effects of geopolitical instability
  • Macroeconomic conditions and the ongoing 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 lack of experience as a company in enrolling, conducting or 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 Q4 2022

Historical avgQ4 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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