NASDAQ$SANA

Sana Biotechnology Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Sana Biotechnology reported financial results for the fourth quarter and year ended December 31, 2020.

Sana Biotechnology reported a net loss of $113.2 million for the quarter ended December 31, 2020. The company's cash, cash equivalents, and marketable securities totaled $412.0 million as of December 31, 2020. Research and development expenses for the quarter were $104.1 million.

  • Cash, cash equivalents, and marketable securities totaled $412.0 million as of December 31, 2020.
  • Research and development expenses for the quarter were $104.1 million.
  • Net loss for the quarter was $113.2 million, or $7.40 per share.
  • General and administrative expenses for the quarter were $9.2 million.

Headline financials

Total Revenue

$162M

No prior period
EPS (adj)

-$2.98

Previous: -$0.33-801.8%
Non-GAAP R&D Expenses

$36.5M

No prior period
Weighted Avg Shares Outstanding

15.3K

No prior period
Capital Expenditures

$9.27M

No prior period
Free Cash Flow

-$46.8M

No prior period
Net Income

-$113M

Previous: -$43M-162.9%
Operating Income

-$113M

Previous: -$45.1M-151.3%
Cash & Equivalents

$412M

No prior period
Total Assets

$730M

No prior period
Stock-Based Comp

$2.79M

No prior period

Revenue & EPS history

Sana · Revenue · Quarterly

$162M

Q4 2020

Forward guidance

This press release contains forward-looking statements about Sana Biotechnology, Inc. (the “Company,” “we,” “us,” or “our”) within the meaning of the federal securities laws, including those related to the Company’s vision, progress, and business plans; expectations for its development programs, product candidates and technology platforms, including its pre-clinical and clinical and regulatory development plans and timing expectations; updates at scientific conferences; and the potential use of intellectual property and technology licensed or acquired from Washington University, Oscine Corp., and FCDI.

Tailwinds

  • The Company has based these forward-looking statements largely on its current expectations, estimates, forecasts and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy and financial needs.
  • Sana Biotechnology is focused on creating and delivering engineered cells as medicines for patients.
  • Sana Biotechnology share a vision of repairing and controlling genes, replacing missing or damaged cells, and making our therapies broadly available to patients.
  • Sana Biotechnology are more than 250 people working together to create an enduring company that changes how the world treats disease.
  • Sana Biotechnology has operations in Seattle, Cambridge, and South San Francisco.

Headwinds

  • In light of the significant uncertainties in these forward-looking statements, you should not rely upon forward-looking statements as predictions of future events.
  • These statements are subject to risks and uncertainties that could cause the actual results to vary materially, including, among others, the risks inherent in drug development such as those associated with the initiation, cost, timing, progress and results of the Company’s current and future research and development programs, preclinical and clinical trials, as well as the economic, market and social disruptions due to the ongoing COVID-19 public health crisis.
  • For a detailed discussion of the risk factors that could affect the Company’s actual results, please refer to the risk factors identified in the Company’s SEC reports, including but not limited to its prospectus dated February 3, 2021.
  • Except as required by law, the Company undertakes no obligation to update publicly any forward-looking statements for any reason.
  • The Company’s actual results could vary materially.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-1.2%

Avg return

Earnings day

-2.0%

Avg return

5 days after

+4.1%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+22.3%

Q2 2022

Best reaction

-25.3%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.5%-15.3%-18.6%
Q3 2025-0.2%+3.9%+25.7%
Q2 2025+7.3%+14.0%+16.4%
Q1 2025+0.6%-1.7%+56.9%
Q4 2024-17.7%-16.6%-40.4%
Q3 2024-6.8%-14.2%-25.8%
Q1 2024-25.3%-21.2%-30.5%
Q4 2023+5.6%-8.1%-6.3%
Q3 2023-14.8%-10.3%-4.1%
Q2 2023-3.8%-1.3%-4.5%
Q1 2023+7.2%+11.8%+8.9%
Q4 2022+2.3%+2.3%+51.8%
Q3 2022-14.1%-21.6%-22.2%
Q2 2022+22.3%+18.3%-3.0%
Q1 2022-5.6%-11.9%-11.4%
Q4 2021+21.1%+19.5%+45.6%
Q3 2021-5.7%-3.3%-19.2%
Q2 2020+10.2%+9.5%+40.5%
Q2 2021+10.2%+9.5%+40.5%
Q1 2021-13.1%-1.9%+9.9%
Q4 2020-5.7%-4.1%-23.7%
Q3 2020
Q1 2020
Q4 2019

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