NASDAQ$SGMO

Sangamo Therapeutics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported recent business highlights and first quarter 2021 financial results.

Sangamo Therapeutics reported a consolidated net loss of $45.9 million, or $0.32 per share, for the first quarter ended March 31, 2021. Revenues for the quarter were $26.3 million, primarily due to recognition of upfront license fees and research reimbursements from Biogen and Novartis collaborations.

  • Completed enrollment of patients in Pfizer’s lead-in study to the registrational Phase 3 AFFINE clinical trial of giroctocogene fitelparvovec for hemophilia A.
  • Received Fast Track Designation from the FDA and Orphan Designation from the EMA for SAR445136, a cell therapy product candidate for sickle cell disease, developed in collaboration with Sanofi.
  • Initiated the Phase 1/2 STEADFAST clinical study evaluating TX200, a wholly-owned autologous HLA-A2 CAR-Treg cell therapy product candidate treating patients receiving a HLA-A2 mismatched kidney from a living donor.
  • Published preclinical data on tau- and alpha-synuclein-targeted zinc finger transcriptional repressors in Science Advances and at the 15th International Conference on Alzheimer’s & Parkinson’s Diseases (ADPD), respectively.

Headline financials

Total Revenue

$26.3M

Previous: $13.1M+101.0%
EPS (adj)

-$0.32

Previous: -$0.37+13.5%
Capital Expenditures

-$7.95M

Previous: -$3.78M-110.6%
Free Cash Flow

-$53.9M

Previous: -$46.7M-15.4%
Net Income

-$45.9M

Previous: -$42.9M-7.0%
Operating Income

-$46.3M

Previous: -$44.5M-4.0%
Gross Profit

-$30.2M

No prior period
Cash & Equivalents

$630M

Previous: $363M+73.4%
Total Assets

$877M

Previous: $584M+50.1%
Stock-Based Comp

$7.52M

No prior period

Revenue & EPS history

Sangamo · Revenue · Quarterly

$26.3M

Q1 2021+101%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Sangamo expects total operating expenses on a GAAP basis to be in the range of approximately $285 million to $305 million. On a non-GAAP basis, total operating expenses, excluding estimated non-cash stock-based compensation expense of approximately $30 million, are expected to be in the range of approximately $255 million to $275 million.

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 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-3.2%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+59.1%

Q1 2017

Best reaction

-39.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-1.3%-12.0%
Q1 2026+3.4%-5.0%+10.4%
Q3 2025-16.1%-9.1%-9.1%
Q2 2025-5.6%+12.5%+14.6%
Q1 2025-39.1%-37.3%-33.3%
Q4 2024-16.2%-13.9%-29.7%
Q3 2024-9.6%-24.1%-29.3%
Q2 2024+11.6%+32.5%-2.6%
Q1 2024+11.7%+14.0%+14.0%
Q4 2023-9.4%-1.2%-37.2%
Q3 2023-27.0%-30.2%-28.6%
Q2 2023-10.3%-7.7%-18.8%
Q1 2023-0.6%-6.2%-21.7%
Q4 2022+2.8%+4.2%-41.5%
Q3 2022-15.0%-19.0%-14.3%
Q2 2022+8.3%+9.2%+15.2%
Q1 2022-9.6%-15.5%-18.8%
Q4 2021+9.7%+9.3%+6.9%
Q3 2021+20.0%+14.2%-11.4%
Q2 2021+3.2%+7.0%+6.6%
Q1 2021-10.7%-9.4%-7.4%
Q4 2020-9.2%-2.8%-2.7%
Q3 2020+12.6%+8.7%-6.2%
Q2 2020+2.4%+9.1%-12.3%
Q1 2020+12.5%+15.4%+27.1%
Q4 2019+27.5%+21.9%-4.9%
Q3 2019-1.3%+3.4%+23.3%
Q2 2019+1.1%-5.2%-10.3%
Q1 2019-14.8%-13.5%-15.6%
Q4 2018+7.8%+8.2%+2.4%
Q3 2018-22.0%-24.5%-20.9%
Q2 2018+8.9%+13.2%-2.1%
Q1 2018-5.8%-5.5%+1.2%
Q4 2017+12.4%+5.6%-2.0%
Q3 2017+12.6%+7.9%+41.4%
Q2 2017+9.2%+33.3%+54.6%
Q1 2017+59.1%+90.9%+65.9%
Q4 2016+9.3%+10.5%+9.3%
Q3 2016+2.7%-2.7%-4.1%
Q2 2016-26.0%-26.9%-34.2%
Q1 2016-4.0%
Q4 2015-11.7%
Q3 2015+11.9%
Q2 2015-17.4%
Q1 2015+7.9%
Q4 2014+10.2%
Q3 2014+1.4%
Q2 2014+4.4%
Q1 2014-9.4%
Q4 2013+3.5%
Q3 2013+4.6%
Q2 2013+2.9%
Q1 2013+11.3%
Q4 2012+7.6%
Q3 2012-2.6%
Q2 2012-0.8%
Q1 2012+5.1%
Q4 2011-2.6%
Q3 2011-2.3%
Q2 2011-7.1%
Q1 2011+2.7%
Q4 2010-3.4%
Q3 2010+2.9%
Q2 2010-1.8%
Q1 2010-12.2%

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