NASDAQ$TSHA

Taysha Gene Therapies Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full-year ended December 31, 2022, and provided a corporate update.

Taysha Gene Therapies reported its Q4 and full-year 2022 financial results. They initiated screening for their REVEAL Rett syndrome trial and are on track for first patient dosing in H1 2023. A protocol amendment was submitted to allow younger patients in the study. FDA feedback suggests alternative trial designs for TSHA-120 in GAN.

  • Screening initiated for first potential adult patient with Rett syndrome for the Phase 1/2 REVEAL trial
  • Submitted protocol amendment expanding enrollment eligibility to include subjects ≥ 15 years
  • FDA feedback suggests consideration of alternative clinical trial designs for clinically meaningful and objectively measured treatment effects for TSHA-120 in GAN
  • Submission of a formal meeting request to the FDA planned in Q2 2023

Headline financials

Total Revenue

$2.5M

Previous: $0.00
EPS (adj)

-$0.34

Previous: -$1.32+74.2%
Capital Expenditures

$2.31M

Previous: $8.27M-72.1%
Free Cash Flow

$12M

Previous: -$48.5M+124.7%
Net Income

-$55.7M

Previous: -$50.4M-10.6%
Operating Income

-$55.1M

Previous: -$49.7M-10.9%
Gross Profit

$2.5M

No prior period
Cash & Equivalents

$87.9M

Previous: $149M-41.1%
Total Assets

$126M

Previous: $214M-41.0%
Stock-Based Comp

$4.1M

Previous: $4.96M-17.2%

Revenue & EPS history

Taysha Gene Therapies · Revenue · Quarterly

$2.5M

Q4 2022
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Taysha Gene Therapies expects that its current cash resources will support planned operating expenses and capital requirements into the first quarter of 2024.

Tailwinds

  • Dosing of the first adult patient with Rett syndrome anticipated in H1 2023
  • Initial available Phase 1/2 clinical data, primarily on safety, for TSHA-102 in adult patients with Rett syndrome expected in H1 2023, with planned quarterly updates on available clinical data thereafter
  • CTA submission to UK MHRA for TSHA-102 in pediatric patients with Rett syndrome anticipated in mid-2023
  • IND application submission to U.S. FDA for Rett syndrome expected in H2 2023
  • Continued dosing of adult patients with Rett syndrome in the REVEAL trial in H2 2023

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+10.9%

Avg return

Earnings day

+11.7%

Avg return

5 days after

+18.2%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+195.0%

Q2 2023

Best reaction

-16.0%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-3.5%-6.3%
Q1 2026+0.6%-1.6%-20.9%
Q3 2025-5.9%-8.9%+18.3%
Q2 2025+5.4%+6.5%+17.4%
Q1 2025+8.1%+23.6%+7.2%
Q4 2024-4.7%-4.7%+13.5%
Q3 2024-5.0%-4.6%-13.4%
Q2 2024+9.1%+7.7%+11.0%
Q1 2024+29.6%+28.7%+73.7%
Q4 2023+39.0%+52.6%+13.1%
Q3 2023+26.3%+27.8%+16.5%
Q2 2023+195.0%+159.8%+312.7%
Q1 2023-10.5%-7.7%+14.7%
Q4 2022-6.5%+14.8%-3.9%
Q3 2022-5.5%+9.0%+2.5%
Q2 2022-16.0%-16.4%-29.9%
Q1 2022-4.1%-19.5%-12.5%
Q4 2021+3.1%+8.5%-40.5%
Q3 2021+0.2%-3.1%-9.3%
Q2 2021+0.7%-2.6%+20.1%
Q1 2021-0.7%+2.0%+19.9%
Q4 2020-7.2%-0.2%-19.9%
Q3 2020+2.2%+4.0%+10.3%

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