NASDAQ$PCVX

Vaxcyte Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Vaxcyte reported financial results for the second quarter of 2022 and provided a business update.

Vaxcyte reported cash, cash equivalents and investments of $361.4 million as of June 30, 2022. The company's net loss for the quarter was $48.5 million. Enrollment was completed for the Phase 2 portion of the VAX-24 clinical proof-of-concept study in adults.

  • Completed Enrollment of Phase 2 Portion of VAX-24 Phase 1/2 Clinical Proof-of-Concept Study in Adults.
  • First Participants Dosed in Separate VAX-24 Phase 2 Clinical Study in Adults 65 Years and Older, with Topline Data Expected in the First Half of 2023.
  • Received FDA Fast Track Designation for VAX-24 in Adults.
  • Completed Successful Pre-IND Meeting with FDA Regarding VAX-24 Pediatric Program, Supporting Path to Proceed Directly into Infants.

Headline financials

EPS (adj)

-$0.80

Previous: -$0.46-73.9%
R&D Expenses

$38.5M

Previous: $17.7M+117.9%
G&A Expenses

$9.42M

Previous: $6.08M+54.9%
Capital Expenditures

$938K

Previous: $2.21M-57.5%
Free Cash Flow

-$40.1M

Previous: -$30.9M-29.7%
Net Income

-$48.5M

Previous: -$23.7M-105.0%
Operating Income

-$47.9M

Previous: -$23.7M-101.8%
Cash & Equivalents

$361M

Previous: $341M+6.0%
Total Assets

$412M

Previous: $358M+15.0%
Stock-Based Comp

$5.89M

Previous: $2.77M+112.9%

Revenue & EPS history

Vaxcyte · Revenue · Quarterly

$0

Q4 2025

Forward guidance

Vaxcyte anticipates several key milestones for its vaccine programs.

Tailwinds

  • Topline safety and tolerability results from the Phase 1 portion of the VAX-24 study and safety, tolerability and immunogenicity results from the Phase 2 portion of the study are expected in October or November 2022.
  • Topline safety, tolerability and immunogenicity results from the Phase 2 study in adults 65 years of age and older are expected in the first half of 2023.
  • Vaxcyte anticipates submitting its first VAX-24 pediatric IND application to the FDA in the first half of 2023, subject to satisfactory topline results from the ongoing VAX-24 Phase 1/2 clinical proof-of-concept study in adults 18 to 64 years of age.
  • Guidance for the anticipated submission of its IND application in adults to the FDA for VAX-XP is expected following the announcement of the topline results from the ongoing VAX-24 Phase 1/2 study in adults aged 18 to 64.
  • Guidance for its anticipated IND application submission to the FDA for VAX-A1 is expected in the second half of 2022.

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 Q2 2022

Historical avgQ2 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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