NASDAQ$OCGN
Ocugen Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Ocugen reported its Q3 2023 financial results, highlighting pipeline progress and advancements in gene and cell therapies.
Ocugen reported a net loss of $14.162 million, or $0.06 per share, for the third quarter of 2023. The company's cash, cash equivalents, and investments totaled $53.5 million as of September 30, 2023. Ocugen is advancing its pipeline, with OCU400 showing promising data and OCU500 being selected by NIAID for clinical trials.
- OCU400 demonstrated a favorable safety and tolerability profile in RP and LCA subjects.
- 83% of subjects in the OCU400 Phase 1/2 study showed stabilization or improvement in BCVA, MLMT, or LLVA in treated eyes.
- OCU500, Ocugen’s inhaled mucosal vaccine candidate for COVID-19, was selected by NIH/NIAID’s Project NextGen for inclusion in clinical trials.
- Ocugen is preparing to start Phase 3 for OCU400, begin dosing patients for OCU410 and OCU410ST, and initiate the Phase 1 trial for OCU500 in collaboration with NIAID.
Headline financials
Revenue & EPS history
Ocugen · Revenue · Quarterly
$0
Forward guidance
Ocugen is focused on advancing its pipeline of gene and cell therapies, biologics, and vaccines. Key priorities include initiating Phase 3 for OCU400, dosing patients for OCU410 and OCU410ST, and starting the Phase 1 trial for OCU500 in collaboration with NIAID.
Tailwinds
- Initiating Phase 3 clinical trial for OCU400 in early 2024.
- Expanding OCU400 Phase 3 clinical trial for LCA patients in the second half of 2024.
- Dosing patients in Phase 1/2 trials for both OCU410 and OCU410ST by the end of 2023.
- Initiating Phase 1 clinical trial for OCU200 in the first half of 2024, contingent on the lift of the FDA hold and adequate availability of funding.
- Beginning Phase 3 clinical trial for NeoCart® in the second half of 2024.
Headwinds
- Phase 1 clinical trial for OCU200 is contingent on the lift of the FDA hold and adequate availability of funding.
- Clinical development activities are subject to risks and uncertainties.
- Success and data announcements of current ongoing preclinical and clinical trials are not guaranteed.
- Ability to initiate new clinical programs is subject to various factors.
- Financial condition may impact the progress of clinical programs.
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 2023
-1.2%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-3.7%
Avg return
30 days after
42%
19 / 45 earnings
Positive
+31.5%
Q1 2016
Best reaction
-27.5%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | +1.0% | -12.0% | |
| Q4 2025 | +5.4% | -10.8% | -3.8% | |
| Q3 2025 | -1.4% | -5.6% | -14.7% | |
| Q1 2025 | -2.3% | +0.9% | +53.8% | |
| Q4 2024 | -2.8% | -5.8% | +12.2% | |
| Q3 2024 | -0.9% | -11.3% | -19.4% | |
| Q2 2024 | +5.9% | +11.9% | -3.4% | |
| Q1 2024 | +8.3% | +5.5% | -16.0% | |
| Q4 2023 | -9.4% | -17.0% | +24.5% | |
| Q3 2023 | -6.3% | -2.6% | +1.3% | |
| Q2 2023 | -8.8% | +3.4% | -10.4% | |
| Q1 2023 | +3.3% | +7.3% | -32.1% | |
| Q4 2022 | +2.3% | +6.6% | -15.6% | |
| Q3 2022 | -3.3% | +15.7% | -8.5% | |
| Q2 2022 | +2.9% | +2.2% | -13.4% | |
| Q1 2022 | -12.3% | -19.7% | +0.4% | |
| Q4 2021 | +15.0% | +14.9% | +13.9% | |
| Q3 2021 | -11.4% | -8.4% | -41.3% | |
| Q2 2021 | +8.4% | +5.2% | -0.8% | |
| Q1 2021 | +6.2% | -10.1% | -9.0% | |
| Q4 2020 | -6.6% | -15.4% | -39.5% | |
| Q3 2020 | +1.4% | +3.8% | +8.0% | |
| Q2 2020 | -20.2% | -23.0% | -48.8% | |
| Q1 2020 | +0.0% | -5.2% | -24.2% | |
| Q4 2019 | -15.7% | -19.1% | -11.1% | |
| Q3 2019 | -27.5% | -50.6% | -64.7% | |
| Q2 2019 | +4.3% | -1.1% | +43.9% | |
| Q1 2019 | -4.7% | -8.8% | +54.9% | |
| Q4 2018 | -7.1% | -7.9% | +52.8% | |
| Q3 2018 | -4.7% | -17.8% | -9.3% | |
| Q2 2018 | +6.1% | +17.4% | -68.9% | |
| Q1 2018 | -2.3% | -17.3% | +7.3% | |
| Q4 2017 | -3.3% | -1.3% | -5.3% | |
| Q3 2017 | -5.2% | -9.8% | -9.9% | |
| Q2 2017 | +2.2% | -0.6% | +6.7% | |
| Q1 2017 | -1.2% | -1.2% | +0.0% | |
| Q4 2016 | +1.1% | -9.0% | +0.0% | |
| Q3 2016 | -3.7% | -9.4% | -23.8% | |
| Q2 2016 | +7.1% | +86.4% | +82.8% | |
| Q1 2016 | +31.5% | — | — | |
| Q4 2015 | +8.9% | — | — | |
| Q3 2015 | -16.6% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +4.2% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — |
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