NASDAQ$PGEN

Precigen Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Precigen's financial performance in Q1 2021 reflected progress in clinical programs and strategic scaling down of operations.

Precigen reported a net loss of $21.8 million, with a decrease in total revenues by $5.3 million compared to the prior year. The company highlighted progress in its clinical programs and the initiation of a Phase 1 study for PRGN-2012.

  • Advanced clinical programs, including UltraCAR-T trials and PRGN-2009, progressed as planned.
  • Initiated Phase 1 clinical trial of PRGN-2012 AdenoVerse immunotherapy.
  • Received orphan drug designation from the US FDA for PRGN-2012 in patients with recurrent respiratory papillomatosis (RRP).
  • Total revenues decreased by $5.3 million, primarily due to a decrease in collaboration and licensing revenues.

Headline financials

Total Revenue

$24.5M

Previous: $29.8M-17.9%
EPS (adj)

-$0.11

Previous: -$0.19+42.1%
Capital Expenditures

-$1.01M

Previous: -$3.15M+67.8%
Free Cash Flow

-$18.3M

Previous: -$59.2M+69.0%
Net Income

-$17.3M

Previous: -$56M+69.1%
Operating Income

-$7.16M

Previous: -$6.56M-9.3%
Gross Profit

$11.5M

Previous: $16.2M-28.9%
Cash & Equivalents

$27.4M

Previous: $37.8M-27.7%
Total Assets

$407M

Previous: $405M+0.6%
Stock-Based Comp

$5.42M

Previous: $4.37M+23.9%

Revenue & EPS history

Precigen · Revenue · Quarterly

$24.5M

Q1 2021-17.9%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Precigen · $18.4M total across 3 segments · Q4 2020

  • Service revenue
    $14.3M+18.1%
  • Product revenue
    $3.95M-25.4%
  • Collab & licensing
    $148K-44.6%

Forward guidance

Precigen is on track to achieve its stated 2021 milestones.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+1.4%

Avg return

30 days after

50%

26 / 52 earnings

Positive

+31.0%

Q2 2023

Best reaction

-38.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q1 2026+1.7%-0.2%
Q3 2025+25.6%+9.3%-4.4%
Q2 2025+6.1%+63.9%+110.6%
Q1 2025-2.8%-5.7%+0.7%
Q4 2024+0.6%-4.5%-22.3%
Q3 2024-10.4%-13.0%-26.1%
Q1 2024+6.7%+2.2%+25.9%
Q4 2023+3.6%+0.7%-5.0%
Q3 2023-13.5%-19.8%-6.3%
Q2 2023+31.0%+43.1%+39.7%
Q1 2023-9.5%-4.0%-6.3%
Q4 2022+16.4%-6.0%-15.5%
Q3 2022+11.2%+18.1%-2.5%
Q2 2022+11.6%+14.5%+11.1%
Q1 2022+3.2%+8.0%+23.2%
Q4 2021-1.3%-10.2%-6.2%
Q3 2021-7.1%-11.8%-33.3%
Q2 2021+8.6%+10.4%+10.6%
Q1 2021-0.2%+5.7%+9.5%
Q4 2020+1.7%+0.1%-18.4%
Q3 2020+22.2%+20.4%+69.7%
Q2 2020-5.7%-8.8%-1.0%
Q1 2020-5.9%-4.2%-4.7%
Q4 2019-14.5%-19.0%-27.4%
Q3 2019-1.1%+2.0%+6.3%
Q2 2019-7.2%-10.3%-23.4%
Q1 2019-1.1%+0.7%+22.2%
Q4 2018-38.9%-39.4%-36.5%
Q3 2018-19.3%-24.4%-32.1%
Q2 2018-5.7%-4.6%-2.9%
Q1 2018-19.5%-13.0%-9.3%
Q4 2017+23.6%+20.9%+17.7%
Q3 2017-25.3%-19.7%-15.9%
Q2 2017-5.2%-4.0%-15.0%
Q1 2017+21.5%+32.0%+15.0%
Q4 2016+5.8%+2.1%-11.0%
Q3 2016+14.1%+24.0%+15.7%
Q2 2016+3.3%+4.5%+0.9%
Q1 2016-5.1%
Q4 2015-0.1%
Q3 2015+9.7%
Q2 2015-17.8%
Q1 2015+3.2%
Q4 2014+17.3%
Q3 2014-3.9%
Q2 2014-2.9%
Q1 2013+2.9%
Q1 2014-11.7%
Q4 2013+5.5%
Q3 2012+3.6%
Q3 2013+3.6%
Q2 2013-7.8%
Q4 2012
Q2 2012
Q1 2012

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