NASDAQ$SLDB
Solid Biosciences Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Solid Biosciences reported financial results for Q2 2022 and provided a business update.
Solid Biosciences reported collaboration revenue of $6.2 million for the second quarter of 2022, compared to $3.6 million for the second quarter of 2021. Net loss for the second quarter of 2022 was $25.1 million, compared to $18.7 million for the second quarter of 2021. The company had $162.9 million in cash, cash equivalents and available-for-sale securities as of June 30, 2022.
- Transition to transient transfection-based manufacturing process continues for SGT-001; Company expects to continue dosing patients in 2023.
- Development of next-generation Duchenne gene therapy candidate SGT-003 continues; Company anticipates mid-2023 Investigational New Drug (IND) submission.
- Company ended Q2 with approximately $162.9 million in cash and investments; cash runway into Q2 2024.
- Collaboration revenue for the second quarter of 2022 was $6.2 million, compared to $3.6 million for the second quarter of 2021.
Headline financials
Revenue & EPS history
Solid Biosciences · Revenue · Quarterly
$6.17M
Forward guidance
Solid Biosciences expects to continue dosing patients using SGT-001 in 2023 with product made using the new transient-based process. The company is on track for an anticipated mid-2023 Investigational New Drug (IND) submission for SGT-003. The company expects that its cash, cash equivalents and available-for-sale securities will enable Solid to fund its operations and capital expenditures into the second quarter of 2024.
Tailwinds
- The company expects to continue dosing patients using SGT-001 in 2023 with product made using the new transient-based process.
- The company also expects to share additional data from IGNITE DMD in early 2023, including the study’s primary one-year analysis of all treated patients as well as three-year longitudinal data from Patients Four through Six.
- The company is on track for an anticipated mid-2023 Investigational New Drug (IND) submission for SGT-003.
- AAV-SLB101 has demonstrated enhanced muscle biodistribution and transgene expression, as well as reduced liver tropism, compared with AAV9 in in vivo mouse models and, utilizing a reporter transgene, non-human primate in vivo models.
- The company expects that its cash, cash equivalents and available-for-sale securities will enable Solid to fund its operations and capital expenditures into the second quarter of 2024.
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 Q2 2022
-3.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+3.1%
Avg return
30 days after
50%
16 / 32 earnings
Positive
+19.0%
Q2 2019
Best reaction
-72.2%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +2.0% | +14.2% | +14.7% | |
| Q3 2025 | +7.4% | +15.3% | +46.8% | |
| Q1 2025 | +8.3% | +14.2% | +71.2% | |
| Q4 2024 | +5.3% | -9.6% | -50.5% | |
| Q3 2024 | -2.9% | +0.8% | -15.0% | |
| Q2 2024 | +16.6% | +23.9% | +7.8% | |
| Q1 2024 | -6.6% | -8.4% | -20.7% | |
| Q4 2023 | +7.7% | +17.2% | -9.0% | |
| Q3 2023 | -23.9% | -22.9% | +80.7% | |
| Q2 2023 | -1.1% | -1.1% | -12.9% | |
| Q1 2023 | +1.9% | +1.0% | +2.3% | |
| Q4 2022 | -2.6% | +5.0% | +28.6% | |
| Q3 2022 | +3.9% | +4.6% | -0.8% | |
| Q2 2022 | +6.5% | +15.3% | -10.8% | |
| Q1 2022 | -24.2% | -29.0% | -23.9% | |
| Q4 2021 | -7.0% | +34.0% | -0.9% | |
| Q3 2021 | +13.9% | +3.7% | -21.8% | |
| Q2 2021 | -3.0% | -7.1% | -1.1% | |
| Q1 2021 | -20.0% | -15.8% | -7.4% | |
| Q4 2020 | -32.5% | -38.9% | -44.3% | |
| Q3 2020 | -0.6% | -1.9% | +12.0% | |
| Q2 2020 | +0.0% | +8.0% | -13.6% | |
| Q1 2020 | -12.2% | -7.3% | +2.1% | |
| Q4 2019 | +18.5% | -4.5% | -22.0% | |
| Q3 2019 | -72.2% | -68.1% | -61.3% | |
| Q2 2019 | +19.0% | +79.9% | +96.1% | |
| Q1 2019 | -31.2% | -34.2% | -43.2% | |
| Q4 2018 | +0.3% | +4.7% | -9.9% | |
| Q3 2018 | +13.8% | +3.8% | -2.6% | |
| Q2 2018 | -1.2% | -1.1% | +2.5% | |
| Q1 2018 | +11.6% | +15.2% | +19.6% | |
| Q4 2017 | +1.9% | +12.7% | +86.2% | |
| Q3 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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