NASDAQ$VRDN

Viridian Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2022.

Viridian Therapeutics reported its Q4 2022 financial results, with a net loss of $45.8 million. The company's cash, cash equivalents, and short-term investments totaled $424.6 million as of December 31, 2022, and they believe it will be sufficient to fund operations into the second half of 2025.

  • Reported positive data from ongoing Phase 1/2 trial evaluating low-dose VRDN-001 in patients with thyroid eye disease (TED).
  • First patient enrolled in ‘THRIVE’ Phase 3 trial in patients with active TED, with results expected in mid-2024.
  • Initial results from the proof-of-concept study of VRDN-001 in patients with chronic TED are expected in the second quarter of 2023.
  • Selection of lead subcutaneous program in TED planned for year-end 2023.

Headline financials

Total Revenue

$105K

Previous: $214K-50.9%
EPS (adj)

-$1.13

Previous: -$1.32+14.4%
Capital Expenditures

$231K

Previous: $84K+175.0%
Free Cash Flow

-$34.3M

Previous: -$16.6M-106.2%
Net Income

-$45.8M

Previous: -$28.9M-58.4%
Operating Income

-$49.1M

Previous: -$29.1M-68.7%
Gross Profit

-$39.2M

Previous: -$418K-9280.9%
Cash & Equivalents

$425M

Previous: $197M+115.5%
Total Assets

$435M

Previous: $204M+113.6%
Stock-Based Comp

$5.28M

Previous: $3.49M+51.2%

Revenue & EPS history

Viridian Therapeutics · Revenue · Quarterly

$105K

Q4 2022-50.9%vs Q4 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Viridian Therapeutics · $98K total across 1 segment · Q1 2023

  • Collaboration Revenue - related party
    $98K

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 2022

Historical avgQ4 2022

+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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