NASDAQ$SGMO

Sangamo Therapeutics Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported business highlights and third quarter 2020 financial results.

Sangamo Therapeutics reported a decrease in net loss attributable to Sangamo for the third quarter ended September 30, 2020, with revenues increasing compared to the same period in 2019. The company also highlighted clinical execution momentum across its portfolio and the completion of research activities in its ALS program partnered with Pfizer.

  • Earned a $30 million milestone from Pfizer for the dosing of the first patient in the registrational Phase 3 AFFINE study of investigational hemophilia A gene therapy giroctocogene fitelparvovec (SB-525).
  • Pfizer provided updated data from the Phase 1/2 Alta study of giroctocogene fitelparvovec demonstrating tolerability, clinically meaningful factor levels with no bleeds and no prophylactic factor use through up to 85 weeks in the longest patient treated in the highest dose cohort.
  • Completed dosing of the first two patients in the Phase 1/2 STAAR study evaluating our investigational ST-920 gene therapy in Fabry disease.
  • Completed research activities in our collaboration with Pfizer to develop gene regulation therapies using zinc finger protein transcription factors for the treatment of C9ORF72-related Amyotrophic Lateral Sclerosis (ALS).

Headline financials

Total Revenue

$57.8M

Previous: $22M+163.1%
EPS (adj)

-$0.01

Previous: -$0.24+95.8%
Capital Expenditures

-$10.7M

Previous: -$13.9M+23.0%
Free Cash Flow

-$12.3M

Previous: -$41.2M+70.3%
Net Income

-$1.55M

Previous: -$27.3M+94.3%
Operating Income

-$3.7M

Previous: -$29.2M+87.3%
Gross Profit

$12.5M

No prior period
Cash & Equivalents

$695M

No prior period
Total Assets

$964M

No prior period
Stock-Based Comp

$6.68M

No prior period

Revenue & EPS history

Sangamo · Revenue · Quarterly

$57.8M

Q3 2020+163.1%vs Q3 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Revised full year operating expense guidance was initially provided on February 28, 2020 and revised on August 5, 2020.

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 Q3 2020

Historical avgQ3 2020

+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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