NASDAQ$WVE

Wave Life Sciences Ltd · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Wave Life Sciences reported financial results for Q1 2020 and provided a business update.

Wave Life Sciences reported a net loss of $47.5 million in the first quarter of 2020, compared to a net loss of $44.2 million in the same period of 2019. The company's research and development expenses were $41.2 million, and general and administrative expenses were $13.0 million. Wave ended the quarter with $120.9 million in cash and cash equivalents.

  • Data from both PRECISION-HD clinical trials expected in 2H 2020
  • Advancing clinical neurology pipeline – SNP3 and C9orf72 programs on track to initiate clinical development in 2H 2020
  • First ADAR-mediated RNA-editing data in non-human primates demonstrates editing efficiencies of up to 50%
  • Wave expects to share additional in vivo ADAR-mediated RNA-editing data and to announce its first RNA-editing program in 2020.

Headline financials

Total Revenue

$4.16M

Previous: $3.03M+37.5%
EPS (adj)

-$1.38

Previous: -$1.36-1.5%
Research and Development Expense

$41.2M

No prior period
General and Administrative Expense

$13M

No prior period
Capital Expenditures

-$580K

Previous: -$508K-14.2%
Free Cash Flow

-$48.1M

Previous: -$44.7M-7.5%
Net Income

-$47.5M

Previous: -$44.2M-7.5%
Operating Income

-$50M

Previous: -$48M-4.2%
Cash & Equivalents

$121M

No prior period

Revenue & EPS history

Wave Life Sciences · Revenue · Quarterly

$4.16M

Q1 2020+37.5%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Wave expects that its existing cash and cash equivalents, together with expected and committed cash from its existing collaboration, will enable Wave to fund its operating and capital expenditure requirements into the third quarter of 2021.

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 Q1 2020

Historical avgQ1 2020

+1.9%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+8.2%

Avg return

30 days after

48%

20 / 42 earnings

Positive

+42.4%

Q4 2023

Best reaction

-16.3%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.4%+5.3%-6.9%
Q4 2025+5.6%-7.6%-56.2%
Q3 2025-10.3%-9.9%+157.4%
Q1 2025+0.5%-1.5%+11.2%
Q4 2024+11.7%-6.5%-33.9%
Q3 2024-4.6%-16.8%-15.8%
Q2 2024-9.5%-6.9%-14.2%
Q1 2024-3.9%-0.2%-0.7%
Q4 2023+42.4%+42.0%+23.4%
Q3 2023-8.9%-5.6%-21.7%
Q2 2023+14.4%+3.0%+3.9%
Q1 2023-0.8%+8.2%+23.6%
Q4 2022-11.1%-11.8%+1.9%
Q3 2022-7.6%-19.3%-1.3%
Q2 2022+37.3%+45.1%+26.7%
Q1 2022-16.3%-13.6%+46.3%
Q4 2021-5.7%-17.1%-17.5%
Q3 2021+1.5%-3.2%-25.7%
Q2 2021+7.0%-0.4%+12.3%
Q1 2021+1.5%+9.6%+18.3%
Q4 2020-7.8%-8.9%-40.5%
Q3 2020+2.8%+11.9%+19.3%
Q2 2020+1.5%-0.5%+36.9%
Q1 2020+28.2%+30.2%+28.1%
Q4 2019-3.2%+9.8%+6.6%
Q3 2019-1.0%+3.1%+20.9%
Q2 2019-3.4%-9.4%+3.1%
Q1 2019-0.8%-1.0%-10.7%
Q4 2018+6.1%+7.6%-7.3%
Q3 2018-12.3%-15.3%+4.4%
Q2 2018+10.7%+16.4%+25.7%
Q1 2018-6.9%-9.7%+11.5%
Q4 2017-7.9%-11.7%-10.5%
Q3 2017+3.2%+12.0%+66.5%
Q2 2017-7.7%-12.8%+18.4%
Q1 2017+2.6%+7.9%-2.2%
Q4 2016-2.0%-4.4%-14.8%
Q3 2016+15.3%+18.2%+5.2%
Q2 2016+5.7%+13.5%+26.9%
Q1 2016-2.7%
Q4 2015-3.1%
Q3 2015+11.1%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro