NASDAQ$WVE

Wave Life Sciences Ltd · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Wave Life Sciences announced Q3 2021 financial results and provided a business update.

Wave Life Sciences reported a net loss of $6.2 million for the third quarter of 2021, with revenue of $36.4 million. The company highlighted advancements in its RNA editing capabilities and the initiation of dosing in three clinical trials.

  • Strengthened balance sheet with approximately $52 million.
  • Optimized AIMers for AATD program demonstrate potent, highly specific RNA editing and restoration of functional AAT protein substantially above therapeutic threshold.
  • Dosing ongoing in three clinical programs (WVE-004, WVE-003, WVE-N531); data being generated through 2022 to enable decision-making.
  • Wave expects to share additional ADAR editing data using AIMers in scientific publications and presentations in 2022.

Headline financials

Total Revenue

$36.4M

Previous: $3.45M+955.7%
EPS (adj)

-$0.12

Previous: -$0.86+86.0%
Research and Development Expense

$31.1M

Previous: $28.3M+10.0%
General and Administrative Expense

$12.9M

Previous: $9.59M+34.5%
Capital Expenditures

-$545K

Previous: -$781K+30.2%
Free Cash Flow

-$6.78M

Previous: -$33.9M+80.0%
Net Income

-$6.23M

Previous: -$33.1M+81.2%
Operating Income

-$7.61M

Previous: -$34.4M+77.9%
Gross Profit

$5.34M

No prior period
Cash & Equivalents

$124M

Previous: $216M-42.7%
Total Assets

$201M

No prior period

Revenue & EPS history

Wave Life Sciences · Revenue · Quarterly

$36.4M

Q3 2021+955.7%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Wave expects that its existing cash and cash equivalents will enable the company to fund its operating and capital expenditure requirements into the second quarter of 2023.

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 Q3 2021

Historical avgQ3 2021

+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

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