NASDAQ$WVE

Wave Life Sciences Ltd · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Wave Life Sciences reported financial results for the fourth quarter and full year ended December 31, 2021 and provided a business update.

Wave Life Sciences reported a net loss of $34.8 million in the fourth quarter of 2021, with revenue earned under the Takeda Collaboration at $1.8 million. Research and development expenses were $25.8 million, while general and administrative expenses were $12.1 million. The company's cash and cash equivalents totaled $150.6 million as of December 31, 2021, expected to fund operations into the second quarter of 2023.

  • PN chemistry was brought into the clinic with the initiation of three new clinical trials with next-generation RNA silencing and exon-skipping therapeutics.
  • Successful protein restoration expression was demonstrated with AIMers in preclinical in vivo models for the treatment of alpha-1 antitrypsin deficiency (AATD).
  • Data is expected in 2022 to inform the potential of novel oligonucleotides across tissues and modalities.
  • A first GalNAc-AIMer development candidate is expected to be selected in the third quarter of this year, advancing RNA base editing capabilities.

Headline financials

Total Revenue

$1.77M

Previous: $9.44M-81.3%
EPS (adj)

-$0.61

Previous: -$0.59-3.4%
Capital Expenditures

$15K

No prior period
Free Cash Flow

-$7.05M

No prior period
Net Income

-$34.8M

Previous: -$28.8M-20.8%
Operating Income

-$36.1M

Previous: -$30.3M-19.1%
Gross Profit

-$24M

No prior period
Cash & Equivalents

$151M

Previous: $184M-18.4%
Total Assets

$207M

No prior period

Revenue & EPS history

Wave Life Sciences · Revenue · Quarterly

$1.77M

Q4 2021-81.3%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Wave Life Sciences 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 Q4 2021

Historical avgQ4 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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