NASDAQ$SGMO

Sangamo Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported recent business highlights and fourth quarter and full year 2022 financial results.

Sangamo Therapeutics reported fourth quarter 2022 revenues of $27.2 million and a net loss of $52.0 million, or $0.32 per share. The company highlighted progress in its Fabry disease, renal transplant rejection, sickle cell disease, and hemophilia A programs, and provided initial financial guidance for 2023.

  • Reported compelling updated preliminary Phase 1/2 data showing extended clinical benefit for Fabry disease.
  • Progressed manufacturing and clinical activities ahead of anticipated Q2 dosing for Renal Transplant Rejection.
  • Presented promising 6-month data for first patient dosed with a product candidate manufactured using improved methods for Sickle cell disease.
  • Dosing in Phase 3 AFFINE trial expected to be complete by end of Q1 2023 for Hemophilia A.

Headline financials

Total Revenue

$27.2M

Previous: $28M-2.7%
EPS (adj)

-$0.32

Previous: -$0.26-23.1%
Capital Expenditures

$7.47M

Previous: $2.86M+161.5%
Free Cash Flow

-$64.5M

Previous: -$55.6M-16.1%
Net Income

-$52M

Previous: -$37.5M-38.7%
Operating Income

-$55.4M

Previous: -$39.9M-38.8%
Gross Profit

$23.9M

Previous: $25.2M-5.3%
Cash & Equivalents

$307M

Previous: $465M-33.8%
Total Assets

$563M

Previous: $722M-22.1%
Stock-Based Comp

$8.25M

Previous: $8.08M+2.1%

Revenue & EPS history

Sangamo · Revenue · Quarterly

$27.2M

Q4 2022-2.7%vs Q4 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Sangamo expects GAAP total operating expenses in the range of approximately $310 million to $330 million in 2023. Non-GAAP total operating expenses, excluding estimated non-cash stock-based compensation expense of approximately $35 million, are expected in the range of approximately $275 million to $295 million in 2023.

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 2022

Historical avgQ4 2022

+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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