NASDAQ$VYGR

Voyager Therapeutics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Voyager Therapeutics reported Q4 2021 financial results and provided business updates.

Voyager Therapeutics reported collaboration revenue of $28.1 million for the fourth quarter of 2021, compared to $6.5 million for the same period in 2020, with a net income of $5.7 million for the fourth quarter of 2021, compared to a net loss of $15.9 million for the same period of 2020.

  • License option agreement with Novartis for target-specific access to TRACERTM next-generation AAV capsids for potential use with three CNS targets plus options to access capsids for two additional targets
  • Novartis agreement marks second recent major transaction to leverage Voyager’s TRACER technology following October 2021 Pfizer agreement
  • Strengthened leadership with appointment of Al Sandrock, Jr., M.D., Ph.D. to Board of Directors and Board Executive Committee, promotion of Robin Swartz to chief operating officer
  • Cash runway extended into 2024 with $84 million aggregate upfront payments from Novartis and Pfizer transactions

Headline financials

Total Revenue

$28.1M

Previous: $6.54M+329.4%
EPS (adj)

$0.15

Previous: -$0.43+134.9%
Capital Expenditures

$347K

Previous: $3.56M-90.2%
Free Cash Flow

$10.8M

Previous: -$25.5M+142.5%
Net Income

$5.71M

Previous: -$15.9M+135.8%
Operating Income

$5.7M

Previous: -$23.7M+124.0%
Gross Profit

$14.1M

Previous: -$15.5M+190.9%
Cash & Equivalents

$133M

Previous: $104M+26.9%
Total Assets

$194M

Previous: $262M-25.9%
Stock-Based Comp

$1.65M

Previous: $3.5M-52.8%

Revenue & EPS history

Voyager Therapeutics · Revenue · Quarterly

$28.1M

Q4 2021+329.4%vs Q4 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Voyager Therapeutics · $28.1M total across 1 segment · Q4 2021

  • Collaboration Revenue
    $28.1M+329.9%

Forward guidance

Voyager expects that its cash, cash equivalents, and marketable securities inclusive of upfront payments anticipated to be received under the Novartis license option agreement will be sufficient to meet Voyager’s planned operating expenses and capital expenditure requirements into 2024.

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 2021

Historical avgQ4 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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