NASDAQ$PCVX

Vaxcyte Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Vaxcyte reported financial results for the first quarter ended March 31, 2022 and provided a business update.

Vaxcyte reported cash, cash equivalents and investments of $352.3 million as of March 31, 2022. The company's net loss was $39.0 million for the three months ended March 31, 2022.

  • Dosed First Participants in both the Phase 1 and Phase 2 Portions of Ongoing VAX-24 Phase 1/2 Clinical Proof-of-Concept Study in Adults
  • Completed Successful $115 Million Follow-On Financing
  • Appointed Mikhail Eydelman as Senior Vice President, General Counsel & Corporate Secretary
  • Vaxcyte expects to announce topline safety, tolerability and immunogenicity results from both the Phase 1 and Phase 2 portions of the Phase 1/2 clinical study evaluating VAX-24 for the prevention of invasive pneumococcal disease (IPD) and pneumonia in adults by the end of 2022.

Headline financials

EPS (adj)

-$0.68

Previous: -$0.41-65.9%
R&D Expenses

$31.7M

Previous: $17.3M+83.7%
G&A Expenses

$7.5M

Previous: $5.89M+27.4%
Capital Expenditures

$2.92M

No prior period
Free Cash Flow

-$30.6M

No prior period
Net Income

-$39M

Previous: -$21.2M-83.8%
Operating Income

-$39.2M

No prior period
Cash & Equivalents

$352M

Previous: $371M-5.0%
Total Assets

$403M

Previous: $382M+5.3%
Stock-Based Comp

$4.1M

No prior period

Revenue & EPS history

Vaxcyte · Revenue · Quarterly

$0

Q4 2025

Forward guidance

Vaxcyte anticipates several key milestones for its vaccine candidates.

Tailwinds

  • Topline safety, tolerability and immunogenicity results from both the Phase 1 and Phase 2 portions of the Phase 1/2 clinical study evaluating VAX-24 for the prevention of invasive pneumococcal disease (IPD) and pneumonia in adults by the end of 2022.
  • Enrollment in a separate Phase 2 study of approximately 200 healthy adults aged 65 and older in mid-2022 to evaluate the safety, tolerability and immunogenicity of a single injection of VAX-24.
  • Topline results from the Phase 2 study in adults aged 65 and older are expected to be announced in the first half of 2023.
  • Submission of its first VAX-24 pediatric Investigational New Drug (IND) application to the U.S. Food and Drug Administration (FDA) in the first half of 2023.
  • Guidance for the anticipated submission of its IND application in adults to the FDA following the announcement of the topline results from the ongoing VAX-24 Phase 1/2 study in adults aged 18 to 64 for VAX-XP.

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 Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+0.8%

Avg return

5 days after

-0.2%

Avg return

30 days after

50%

11 / 22 earnings

Positive

+23.8%

Q2 2020

Best reaction

-21.5%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.7%+1.0%-13.3%
Q3 2025-2.5%+3.8%+12.4%
Q2 2025-9.1%-9.1%+0.1%
Q1 2025+8.3%+3.6%+27.6%
Q4 2024-0.9%-9.1%-12.5%
Q3 2024-2.3%+0.2%-15.4%
Q1 2024-2.9%-2.7%+5.1%
Q4 2023-4.9%-9.2%-13.5%
Q3 2023-1.0%-5.1%+10.8%
Q2 2023-2.5%-2.0%+3.4%
Q1 2023+3.7%-3.7%-0.3%
Q4 2022-1.8%+2.0%-11.6%
Q3 2022+4.2%+3.3%+0.6%
Q2 2022+0.4%+1.7%+6.1%
Q1 2022-11.4%-3.0%-14.8%
Q4 2021+5.5%+1.5%+6.5%
Q3 2021+3.4%+4.7%-12.7%
Q2 2021+5.1%+3.6%+3.1%
Q1 2021+13.5%+17.0%+40.5%
Q4 2020-21.5%-11.9%-17.3%
Q3 2020+3.9%-0.2%-15.3%
Q2 2020+23.8%+31.0%+5.5%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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