NASDAQ$PGEN

Precigen Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter 2022 financial results and business updates.

Precigen reported a 31% increase in total revenues compared to the quarter ended March 31, 2021, driven by higher product and service revenues from Trans Ova and Exemplar. The company's loss from continuing operations improved to $19.3 million, or $(0.10) per basic share, compared to $21.8 million, or $(0.11) per basic share, in 2021.

  • Received Fast Track designation for PRGN-3006 UltraCAR-T®.
  • Initiated Phase 1b expansion arm for PRGN-3006 UltraCAR-T® at Dose Level 3 with lymphodepletion.
  • Initiated dosing in patients at Dose Level 3 via intravenous infusion with lymphodepletion in the PRGN-3005 UltraCAR-T® Phase 1 study.
  • Initiated Phase 2 study for PRGN-2012 AdenoVerse™ Immunotherapy as an adjuvant treatment in patients with recurrent respiratory papillomatosis.

Headline financials

Total Revenue

$32M

Previous: $24.5M+30.6%
EPS (adj)

-$0.10

Previous: -$0.11+9.1%
Capital Expenditures

-$1.58M

Previous: -$1.01M-55.7%
Free Cash Flow

-$20.8M

Previous: -$18.3M-13.6%
Net Income

-$19.3M

Previous: -$17.3M-11.2%
Operating Income

-$6.06M

Previous: -$7.16M+15.4%
Gross Profit

$14.9M

Previous: $11.5M+29.4%
Cash & Equivalents

$40.3M

Previous: $27.4M+47.4%
Total Assets

$336M

Previous: $407M-17.5%
Stock-Based Comp

$3.56M

Previous: $5.42M-34.2%

Revenue & EPS history

Precigen · Revenue · Quarterly

$32M

Q1 2022+30.6%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
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 focused on enhancing its financial position, expanding financial flexibility, and extending its cash runway to achieve near-term objectives and intends to expound on these initiatives as the year progresses.

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 2022

Historical avgQ1 2022

+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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