NASDAQ$PGEN

Precigen Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Precigen's financial performance for Q2 2020 was announced, featuring a total revenue of $30.4 million and a net loss of $43.4 million.

Precigen reported a second-quarter revenue of $30.4 million and a net loss of $43.4 million, or $(0.26) per basic share. The company highlighted progress in clinical trials and the development of its UltraPorator manufacturing device.

  • Advanced the development of UltraPorator™ electroporation device, initiating cGMP manufacturing and technology transfer.
  • Initiated patient dosing in the third dose level of the Phase 1 clinical trial of PRGN-3005 UltraCAR-T for advanced ovarian cancer.
  • AG019 ActoBiotics™ Phase 1b monotherapy study met the primary endpoint for safety and tolerability in patients with early-onset type 1 diabetes.
  • INXN-4001 Phase I trial for heart failure met primary endpoints for safety and feasibility, with preliminary data suggesting improved patient outcomes.

Headline financials

Total Revenue

$30.4M

Previous: $36M-15.5%
EPS (adj)

-$0.26

Previous: -$0.25-4.0%
Capital Expenditures

-$5.03M

Previous: -$25.4M+80.2%
Free Cash Flow

-$48.4M

Previous: -$64.2M+24.6%
Net Income

-$43.4M

Previous: -$38.8M-11.8%
Operating Income

-$28.5M

Previous: -$37.4M+23.8%
Gross Profit

$15.5M

Previous: $36M-56.9%
Cash & Equivalents

$46.7M

Previous: $58.2M-19.7%
Total Assets

$362M

Previous: $655M-44.8%
Stock-Based Comp

$4.9M

No prior period

Revenue & EPS history

Precigen · Revenue · Quarterly

$30.4M

Q2 2020-15.5%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Precigen · $26.1M total across 3 segments · Q2 2020

  • Service revenue
    $17.4M-5.5%
  • Product revenue
    $8.54M+9.5%
  • Collab & licensing
    $188K+1.1%

Forward guidance

Precigen maintained its guidance for clinical readouts in 2020, anticipating additional results from clinical programs.

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 Q2 2020

Historical avgQ2 2020

+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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