NASDAQ$TNYA

Tenaya Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2021.

Tenaya Therapeutics reported its Q4 and full year 2021 financial results, highlighting progress in research, preclinical development, manufacturing, and corporate operations. The company is advancing three therapeutic candidates towards clinical trials and strengthening its leadership team.

  • TN-201 IND application expected to be submitted to the FDA in the second half of 2022.
  • TN-301 IND application expected to be submitted to the FDA in the second half of 2022.
  • TN-401 IND application expected to be submitted to the FDA in 2023.
  • cGMP manufacturing facility expected to be operational in the first half of 2022.

Headline financials

EPS (adj)

-$0.63

Previous: -$0.38-66.1%
Capital Expenditures

$12.6M

No prior period
Free Cash Flow

-$28.9M

No prior period
Net Income

-$26.2M

Previous: -$10.3M-153.5%
Operating Income

-$26.2M

Previous: -$10.3M-153.5%
Cash & Equivalents

$38.1M

No prior period
Total Assets

$314M

No prior period
Stock-Based Comp

$1.05M

No prior period

Revenue & EPS history

Tenaya Therapeutics · Revenue · Quarterly

$225K

Q1 2026
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Tenaya Therapeutics anticipates continued progress in advancing its therapeutic candidates towards clinical trials and strengthening its manufacturing and clinical development capabilities. The company expects its cash reserves to be sufficient to fund operations into the second half of 2023.

Tailwinds

  • TN-201 IND application submission expected in the second half of 2022
  • TN-301 IND application submission expected in the second half of 2022
  • TN-401 IND application submission expected in 2023
  • cGMP manufacturing facility expected to be operational in the first half of 2022
  • Cash reserves expected to fund operations into the second half of 2023

Headwinds

  • Risks associated with discovering, developing, and commercializing drugs
  • Uncertainties regarding preclinical studies and clinical trials
  • Potential impacts of the COVID-19 pandemic on manufacturing and operations
  • Risk of clinical trial results differing from expectations
  • Reliance on third parties

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+2.8%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-5.6%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+39.8%

Q3 2022

Best reaction

-18.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%+30.3%-4.2%
Q4 2025-1.3%-0.2%-19.7%
Q3 2025-1.4%-7.0%-4.9%
Q1 2025+7.8%-3.3%+38.2%
Q4 2024-6.5%-12.7%-38.4%
Q3 2024+17.4%+20.7%+68.1%
Q1 2024-0.7%+8.9%-12.6%
Q4 2023-8.9%-5.1%-13.6%
Q3 2023-7.8%-10.2%-2.9%
Q2 2023+7.3%+0.0%-24.6%
Q1 2023+12.1%+7.2%+9.0%
Q4 2022-18.7%-20.6%-25.9%
Q3 2022+39.8%+53.4%+11.0%
Q2 2022+1.5%+6.5%-11.3%
Q1 2022-5.7%-6.7%-29.9%
Q4 2021+6.0%+3.2%-5.0%
Q3 2021+7.7%-13.5%-28.1%
Q2 2021-2.8%-12.6%-6.5%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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