NASDAQ$VYGR

Voyager Therapeutics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Voyager Therapeutics reported a net loss for Q1 2024 due to decreased collaboration revenue, but announced progress in their gene therapy programs and a strong cash position.

Voyager Therapeutics reported a net loss of $11.3 million for Q1 2024, primarily due to decreased collaboration revenue compared to the same period in 2023. However, the company announced the clearance of the IND application for VY-TAU01, selection of development candidates for Neurocrine-partnered programs, and a strong cash position of approximately $400 million.

  • Received IND clearance for VY-TAU01 for Alzheimer’s disease and expect to begin a single ascending dose trial soon.
  • Development candidates were selected for Neurocrine-partnered GBA1 and Friedreich’s Ataxia gene therapy programs.
  • Appointed Toby Ferguson, M.D., Ph.D., as Chief Medical Officer.
  • Maintained a strong cash position of approximately $400 million, expected to provide runway into 2027.

Headline financials

Total Revenue

$19.5M

Previous: $150M-87.0%
EPS (adj)

-$0.20

Previous: $2.94-106.8%
Capital Expenditures

-$2.14M

Previous: -$509K-320.6%
Free Cash Flow

-$13.5M

Previous: $124M-110.9%
Net Income

-$11.3M

Previous: $124M-109.1%
Operating Income

-$16.2M

Previous: $123M-113.2%
Gross Profit

$18.3M

Previous: $690K+2555.1%
R&D Expense

$25.9M

No prior period
Stock-Based Comp

$3.57M

Previous: $2.56M+39.7%

Revenue & EPS history

Voyager Therapeutics · Revenue · Quarterly

$19.5M

Q1 2024-87%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Voyager Therapeutics · $4.6M total across 1 segment · Q3 2023

  • Collaboration Revenue
    $4.6M-88.8%

Forward guidance

Voyager expects its cash, cash equivalents, and marketable securities, along with amounts expected to be received as reimbursement for development costs under the Neurocrine and Novartis collaborations, certain near-term milestones, and interest income, to be sufficient to meet Voyager’s planned operating expenses and capital expenditure requirements into 2027.

Tailwinds

  • Cash runway into 2027
  • Reimbursement for development costs under the Neurocrine and Novartis collaborations.
  • Receipt of certain near-term milestones.
  • Interest income.
  • Strong balance sheet

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 Q1 2024

Historical avgQ1 2024

+0.2%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+2.3%

Avg return

30 days after

45%

19 / 42 earnings

Positive

+60.3%

Q4 2021

Best reaction

-21.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.0%-0.5%
Q4 2025+21.7%+8.5%-3.6%
Q3 2025+0.0%-7.7%+3.5%
Q1 2025+0.0%-9.4%+0.3%
Q4 2024+2.3%-2.0%-20.2%
Q3 2024-4.6%-19.5%-10.8%
Q2 2024-11.7%-13.2%-20.5%
Q1 2024-1.5%-1.1%-1.8%
Q4 2023-6.6%+8.2%+4.5%
Q3 2023+1.6%-5.4%+13.4%
Q2 2023-1.7%-1.2%+12.2%
Q1 2023+19.0%+25.6%+53.9%
Q4 2022+2.1%-5.5%+0.4%
Q3 2022+6.5%+14.6%+25.7%
Q2 2022-2.0%-13.6%-6.4%
Q1 2022-18.4%-38.0%-23.9%
Q4 2021+60.3%+42.2%+129.8%
Q3 2021+7.5%+2.4%-21.0%
Q2 2021+10.4%-3.1%+4.7%
Q1 2021+2.1%+5.6%+9.1%
Q4 2020-14.0%-14.0%-26.9%
Q3 2020-21.7%-22.1%-28.1%
Q2 2020+0.1%+0.7%-6.8%
Q1 2020-5.9%+8.0%+4.9%
Q4 2019+6.6%-3.3%-23.3%
Q3 2019-2.6%-5.0%-5.9%
Q2 2019-2.8%+2.3%-21.1%
Q1 2019+1.9%+1.6%-4.3%
Q4 2018+11.5%+19.0%+37.0%
Q3 2018-9.6%-15.6%-21.3%
Q2 2018-15.7%-10.5%-3.6%
Q1 2018-4.3%+8.0%+17.6%
Q4 2017-9.9%-13.2%-22.7%
Q3 2017-17.5%-34.6%-29.5%
Q2 2017+6.6%+4.3%+71.7%
Q1 2017+6.1%+4.0%-0.1%
Q4 2016-1.9%-0.3%-2.5%
Q3 2016+2.9%+17.3%+21.4%
Q2 2016+3.0%+2.8%-18.3%
Q1 2016-6.5%
Q4 2015-7.2%
Q3 2015+9.2%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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