NASDAQ$PGEN

Precigen Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Precigen reported financial results for the fourth quarter and full year 2020, highlighting clinical milestones, a successful public offering, streamlined operations, and reduced operating costs.

Precigen reported Q4 2020 revenues of $19.3 million compared to $17.0 million in Q4 2019. The net loss from continuing operations was $39.7 million, or $(0.22) per basic share, compared to a net loss of $64.2 million, or $(0.41) per basic share in Q4 2019. Cash, cash equivalents, and short-term investments totaled $100.1 million as of December 31, 2020.

  • Accomplished anticipated 2020 clinical milestones despite pandemic challenges.
  • Strengthened balance sheet with a successful public offering while streamlining operations and reducing operating costs.
  • Initial data readouts from PRGN-3005 and PRGN-3006 UltraCAR-T® clinical trials demonstrated encouraging expansion, persistence, and clinical activity.
  • A PRGN-3006 UltraCAR-T patient achieved complete remission with incomplete hematologic recovery (CRi) per ELN criteria.

Headline financials

Total Revenue

$19.3M

Previous: $17M+13.7%
EPS (adj)

-$0.22

Previous: -$0.26+15.4%
Capital Expenditures

$1.47M

Previous: $4.68M-68.6%
Free Cash Flow

-$17.9M

Previous: -$36.8M+51.3%
Net Income

-$39.7M

Previous: -$169M+76.5%
Operating Income

-$35.2M

Previous: -$78M+54.9%
Gross Profit

$5.54M

Previous: $1.59M+248.4%
Cash & Equivalents

$51.8M

Previous: $65.8M-21.3%
Total Assets

$315M

Previous: $456M-31.0%
Stock-Based Comp

$4.5M

Previous: $4.41M+1.9%

Revenue & EPS history

Precigen · Revenue · Quarterly

$19.3M

Q4 2020+13.7%vs Q4 2019
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

2021 promises to be another transformative year for our company with important data readouts and trial initiations anticipated for our key 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 Q4 2020

Historical avgQ4 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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