NASDAQ$PGEN

Precigen Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Precigen reported full year financial results and provided business updates.

Precigen reported its full year 2023 financial results, with key highlights including progress in its AdenoVerse and UltraCAR-T programs. The company anticipates a transformative year in 2024, with pivotal Phase 2 data expected in Q2 and a BLA submission for PRGN-2012 in the second half of the year. A $10.4 million impairment charge was recorded in Q4 related to Exemplar subsidiary.

  • Anticipates presenting pivotal Phase 2 data in the second quarter and submitting a BLA for PRGN-2012 in the second half of 2024.
  • Preparing manufacturing facility and commercial operations in anticipation of the launch of PRGN-2012 in 2025.
  • Exciting updates expected from UltraCAR-T programs, which have garnered significant interest from potential partners.
  • Evaluating various financing opportunities to strengthen the balance sheet in preparation for the potential commercial launch of PRGN-2012 in 2025.

Headline financials

Total Revenue

$1.23M

Previous: $1.76M-30.3%
EPS (adj)

-$0.13

Previous: -$0.11-18.2%
Capital Expenditures

-$1.05M

Previous: $53K-2071.7%
Net Income

-$95.9M

Previous: -$22.2M-332.0%
Operating Income

-$95.9M

Previous: -$22.2M-332.0%
Gross Profit

-$1.34M

Previous: $506K-364.6%
R&D Expense

$13M

No prior period
Stock-Based Comp

$2.26M

Previous: $2.21M+2.4%

Revenue & EPS history

Precigen · Revenue · Quarterly

$1.23M

Q4 2023-30.3%vs Q4 2022
Beat estimate in 5 of 14 quarters(36%)
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%

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 2023

Historical avgQ4 2023

+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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