NASDAQ$VYGR

Voyager Therapeutics Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Voyager Therapeutics reported a net loss for Q3 2021, with collaboration revenue significantly decreasing due to the termination of collaborations with Neurocrine and AbbVie, while making progress in its TRACER platform and GBA1 gene replacement program.

Voyager Therapeutics reported a net loss of $25.1 million for the third quarter of 2021, a significant change from the net income of $85.6 million reported for the same period in 2020. The decrease in collaboration revenue was largely due to a reduction of revenue related to research services and cost reimbursements from the collaborations with Neurocrine and AbbVie.

  • Entered a license option agreement with Pfizer, receiving $30 million upfront with potential for up to $600 million in exercise fees and milestone payments plus royalties.
  • Identified AAV9 and AAV5 capsid variants with broad CNS tropism and neuronal and glial cell targeting through the TRACER platform.
  • GBA1 gene therapy preclinical data showed widespread CNS distribution and sustained correction of GCase activity in multiple brain regions in mice.
  • Collaboration revenue decreased to $1.5 million for Q3 2021, compared to $117.8 million for the same period in 2020, due to the termination of collaborations with Neurocrine and AbbVie.

Headline financials

Total Revenue

$1.48M

Previous: $118M-98.7%
EPS (adj)

-$0.67

Previous: $2.27-129.5%
Collaboration Revenue Growth

-98.7%

No prior period
Capital Expenditures

-$1.26M

Previous: -$8.54M+85.2%
Free Cash Flow

-$26.4M

Previous: $77.1M-134.3%
Net Income

-$25.1M

Previous: $85.6M-129.4%
Operating Income

-$25.1M

Previous: $84.5M-129.7%
Gross Profit

$204K

Previous: $92.8M-99.8%
Cash & Equivalents

$121M

Previous: $147M-17.6%
Total Assets

$185M

Previous: $270M-31.5%
Stock-Based Comp

$2.08M

Previous: $3.53M-41.2%

Revenue & EPS history

Voyager Therapeutics · Revenue · Quarterly

$1.48M

Q3 2021-98.7%vs Q3 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Voyager Therapeutics · $1.5M total across 1 segment · Q3 2021

  • Collaboration Revenue
    $1.5M-98.7%

Forward guidance

Voyager anticipates cash, cash equivalents, and marketable debt securities will be greater than $130 million at the end of 2021, based on its current operating plan and excluding any potential financing or business development activities in 2021.

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 Q3 2021

Historical avgQ3 2021

+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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