NASDAQ$PCVX

Vaxcyte Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Vaxcyte reported fourth quarter and full year 2023 financial results and provided a business update.

Vaxcyte reported a net loss of $180.8 million for the fourth quarter of 2023. The company's cash, cash equivalents and investments were $1,242.9 million as of December 31, 2023, excluding net proceeds of $816.5 million from a recent public offering. The company also completed enrollment of Phase 1/2 Study Evaluating VAX-31 for the Prevention of IPD in Adults Aged 50 and Older.

  • Completed Enrollment of Phase 1/2 Study Evaluating VAX-31 for the Prevention of IPD in Adults Aged 50 and Older; Topline Safety, Tolerability and Immunogenicity Data Expected in Third Quarter of 2024
  • Completed Successful VAX-24 Phase 2 Adult Program and End-of-Phase 2 Meeting; VAX-24 is Phase 3-Ready in Adults
  • Following VAX-31 Adult Phase 1/2 Study Readout, Vaxcyte to Advance VAX-24 or VAX-31 to Adult Phase 3 Program
  • Completed Two Successful Follow-On Financings Totaling Approximately $1.4 Billion in Gross Proceeds, Further Strengthening Vaxcyte’s Balance Sheet

Headline financials

Total Revenue

$14.4M

No prior period
EPS (adj)

-$1.82

Previous: -$1.02-78.4%
R&D Expenses

$104M

No prior period
G&A Expenses

$17.5M

No prior period
Capital Expenditures

-$57.1M

Previous: $1.15M-5075.5%
Net Income

-$181M

Previous: -$78.1M-131.5%
Operating Income

-$122M

Previous: -$86.6M-40.5%
Gross Profit

$11.5M

No prior period
R&D Expense

$104M

No prior period
Stock-Based Comp

$13.3M

Previous: $7.01M+90.4%

Revenue & EPS history

Vaxcyte · Revenue · Quarterly

$14.4M

Q4 2023

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 2023

Historical avgQ4 2023

+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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