NASDAQ$OCGN

Ocugen Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Ocugen reported Q4 2022 financial results and provided a business update.

Ocugen reported a net loss of $0.10 per share for the fourth quarter of 2022, compared to a net loss of $0.07 per share for the same period in 2021. Research and development expenses increased to $17.2 million from $7.1 million year-over-year, while general and administrative expenses decreased slightly to $6.9 million from $7.5 million.

  • Completed retinitis pigmentosa patient enrollment in OCU400 Phase 1/2 clinical trial.
  • Continued progress for programs targeting eye diseases with the submission of an IND application for OCU200.
  • Expanded portfolio now includes inhaled vaccines for COVID-19, seasonal flu, and a combination COVID-19+seasonal flu vaccine.
  • Following FDA concurrence in the fourth quarter of 2022 on a confirmatory Phase 3 clinical trial design for NeoCart, developing internal capabilities to move NeoCart into the clinic next year.

Headline financials

EPS (adj)

-$0.10

Previous: -$0.07-42.9%
Capital Expenditures

$2.02M

Previous: $192K+954.2%
Free Cash Flow

-$18.9M

Previous: -$13M-45.7%
Net Income

-$21.9M

Previous: -$14.6M-50.5%
Operating Income

-$24.2M

Previous: -$14.6M-65.7%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$77.6M

Previous: $95M-18.3%
Total Assets

$109M

Previous: $106M+2.7%

Revenue & EPS history

Ocugen · Revenue · Quarterly

$1.53M

Q1 2026+3.5%vs Q1 2025
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Forward guidance

Ocugen estimates that its current cash, cash equivalents, and investments will enable it to fund its operations into the first quarter of 2024.

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

-1.2%

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

Earnings price reactions
QuarterReport dateReaction (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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