NASDAQ$VRDN

Viridian Therapeutics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2020 and provided corporate updates.

Viridian Therapeutics reported a net loss of $90.7 million for the fourth quarter of 2020. The company's cash, cash equivalents, and short-term investments totaled $127.6 million as of December 31, 2020, providing runway into the second half of 2023.

  • Progressed lead programs VRDN-001 and VRDN-002 towards clinical trials in Thyroid Eye Disease (TED) with IND filings expected by the end of 2021.
  • Completed integration and name change to Viridian Therapeutics following October 2020 merger and concurrent financing.
  • Ended 2020 with a strong cash position of $127.6 million, providing runway into the second half of 2023.
  • Strengthened leadership team with the appointment of Dr. Jonathan Violin as CEO and additions of Dr. Barrett Katz as CMO and Dr. Vahe Bedian as Chief Scientist

Headline financials

Total Revenue

$54K

Previous: $880K-93.9%
EPS (adj)

-$5.31

Previous: -$0.31-1612.9%
Capital Expenditures

-$11K

No prior period
Free Cash Flow

-$9.43M

No prior period
Net Income

-$90.7M

Previous: -$10.1M-798.4%
Operating Income

-$90.6M

Previous: -$10.1M-799.6%
Gross Profit

-$15.2M

No prior period
Cash & Equivalents

$45.9M

Previous: $24.8M+84.7%
Total Assets

$131M

Previous: $30.3M+333.7%
Stock-Based Comp

$1.74M

No prior period

Revenue & EPS history

Viridian Therapeutics · Revenue · Quarterly

$54K

Q4 2020-93.9%vs Q4 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Viridian Therapeutics · $54K total across 1 segment · Q4 2020

  • Collaboration Revenue - related party
    $54K-93.5%

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 Q4 2020

Historical avgQ4 2020

+2.0%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.6%

Avg return

30 days after

49%

23 / 47 earnings

Positive

+73.1%

Q2 2022

Best reaction

-23.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+33.5%+18.2%+17.9%
Q4 2025+1.9%+1.3%-5.4%
Q3 2025+8.3%+22.6%+42.0%
Q1 2025+2.6%+8.2%+25.8%
Q4 2024+1.6%-0.1%-5.6%
Q3 2024-12.6%-21.7%-30.0%
Q2 2024-2.5%-4.5%-8.5%
Q1 2024-8.1%-5.3%-19.6%
Q4 2023+4.7%+3.2%-9.1%
Q3 2023+10.6%+15.4%+39.8%
Q2 2023+8.6%+10.6%+5.6%
Q1 2023-0.5%-8.1%-0.1%
Q4 2022-11.0%-12.4%-22.8%
Q3 2022+11.4%+9.9%+36.1%
Q2 2022+73.1%+60.1%+56.1%
Q1 2022+35.1%+44.3%+8.6%
Q4 2021+2.2%+1.4%-5.3%
Q3 2021+6.0%+2.1%+5.1%
Q2 2021-15.5%-18.4%-12.4%
Q1 2021-4.4%-9.4%-12.4%
Q4 2020+3.4%-4.9%+5.5%
Q3 2020-4.4%-6.9%+14.9%
Q2 2020-4.4%+1.8%-21.1%
Q1 2020+3.5%+20.2%+52.6%
Q4 2019-23.7%-37.1%-31.0%
Q3 2019-3.2%-19.2%-21.9%
Q2 2019-2.3%-7.5%-18.0%
Q1 2019-0.4%-2.5%-17.4%
Q4 2018+6.2%+11.3%+15.6%
Q3 2018-5.3%-17.2%-27.5%
Q2 2018-8.0%-7.5%-7.5%
Q1 2018-0.5%+2.1%-2.0%
Q4 2017+3.1%+7.5%-7.8%
Q3 2017-3.1%-11.2%+0.3%
Q2 2017-12.6%-13.5%-17.9%
Q1 2017+2.2%+2.1%-16.7%
Q4 2016+10.9%+6.4%+5.9%
Q3 2016+7.3%-10.2%+57.7%
Q2 2016+1.2%-3.7%-6.1%
Q1 2016-1.6%
Q4 2015-0.4%
Q3 2015-5.0%
Q2 2015-10.6%
Q1 2015-6.8%
Q4 2014-5.4%
Q3 2014+1.6%
Q2 2014+9.5%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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