NASDAQ$OMGAQ
Omega Therapeutics Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Omega Therapeutics reported financial results for the second quarter of 2023 and highlighted company progress.
Omega Therapeutics reported a net loss of $29.7 million for the second quarter of 2023, driven by increased R&D expenses. As of June 30, 2023, the company's cash, cash equivalents, and marketable securities totaled $113.0 million.
- Continued enrollment in the monotherapy dose escalation stage of Phase 1/2 MYCHELANGELO™ I study.
- Preliminary first-in-human safety, tolerability, pharmacologic and translational data anticipated in the fourth quarter of 2023.
- Presented new preclinical data at ASCO 2023 demonstrating the potential of MYC-targeting Omega Epigenomic Controllers™ to synergize with immunotherapies.
- Further strengthened the Board of Directors with the appointment of Chris Schade.
Headline financials
Revenue & EPS history
Omega Therapeutics · Revenue · Quarterly
$759K
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports · overlaid with Q2 2023
-5.1%
Avg return
Earnings day
-8.9%
Avg return
5 days after
-12.9%
Avg return
30 days after
47%
7 / 15 earnings
Positive
+14.2%
Q1 2023
Best reaction
-47.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -47.5% | -25.0% | -44.8% | |
| Q3 2024 | -22.6% | -30.7% | -9.2% | |
| Q2 2024 | -0.6% | +0.0% | -11.3% | |
| Q1 2024 | -16.7% | -16.1% | -17.3% | |
| Q4 2023 | -9.9% | -15.3% | -36.6% | |
| Q3 2023 | -3.4% | +5.1% | +28.7% | |
| Q2 2023 | +2.4% | -14.2% | -23.8% | |
| Q1 2023 | +14.2% | +9.1% | +4.4% | |
| Q4 2022 | +5.6% | +7.0% | -6.7% | |
| Q3 2022 | -3.8% | — | — | |
| Q2 2022 | +9.3% | — | — | |
| Q1 2022 | +0.3% | — | — | |
| Q4 2021 | -6.4% | — | — | |
| Q3 2021 | +1.5% | — | — | |
| Q2 2021 | +0.9% | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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