NYSE$IBIO

iBio Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

iBio's financial results for Q1 2022 were announced, along with a corporate update, which included adding a new anti-cancer target, initiating a research collaboration, and establishing a partnership for vaccine delivery.

iBio reported revenues of $211,000 for the first fiscal quarter ended September 30, 2021, a 49% decrease compared to the same period in 2020. The consolidated net loss for the quarter was $8.9 million, or $0.04 per share. The company had $82.3 million in cash and cash equivalents as of September 30, 2021.

  • Added a new anti-cancer target for development in partnership with RubrYc Therapeutics.
  • Initiated a research collaboration with UT Southwestern to study anti-fibrotics in oncology.
  • Established a partnership for the development of painless intradermal vaccine delivery.
  • Advanced novel COVID-19 vaccine candidate to pre-IND.

Headline financials

Total Revenue

$211K

Previous: $410K-48.5%
EPS (adj)

-$0.80

No prior period
Capital Expenditures

-$1.12M

Previous: -$419K-168.0%
Free Cash Flow

-$10.1M

Previous: -$7.95M-26.5%
Net Income

-$8.94M

Previous: -$7.53M-18.7%
Operating Income

-$8.97M

Previous: -$6.92M-29.6%
Gross Profit

$171K

Previous: $410K-58.3%
Cash & Equivalents

$62.8M

Previous: $77.5M-19.0%
Total Assets

$144M

Previous: $117M+22.6%
Stock-Based Comp

$821K

No prior period

Revenue & EPS history

iBio · Revenue · Quarterly

$211K

Q1 2022-48.5%vs Q1 2021
Beat estimate in 2 of 9 quarters(22%)
ActualEstimate

Forward guidance

iBio is focused on delivering shareholder value across multiple fronts, including announcing new oncology targets and two possible IND filings. The company is excited about the partnership opportunities for its bioprocess business as industry awareness of the need to implement sustainable, ESG-based practices continues to grow.

Tailwinds

  • Announcing new oncology targets
  • Two possible IND filings
  • Partnership opportunities for bioprocess business
  • Industry awareness of sustainable practices
  • Strategic and operational flexibility

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 2022

Historical avgQ1 2022

-1.4%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+14.3%

Avg return

30 days after

43%

17 / 40 earnings

Positive

+24.4%

Q3 2020

Best reaction

-34.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+12.9%+9.9%+22.8%
Q1 2026-8.0%-3.2%+55.2%
Q4 2025+3.7%+8.6%+6.2%
Q3 2025+1.3%+1.3%+30.4%
Q2 2025-14.8%-7.8%+49.2%
Q1 2025-9.4%-10.9%-2.0%
Q4 2024-2.6%-4.2%+51.1%
Q3 2026-3.7%+23.9%+36.2%
Q3 2024+1.6%+7.0%+37.8%
Q2 2024+5.2%+5.2%+2.6%
Q1 2024-3.4%-10.3%-78.1%
Q4 2023-3.3%-9.1%-6.1%
Q3 2023-7.9%-5.9%-31.7%
Q2 2023-10.5%+55.8%+113.7%
Q1 2023+0.0%-8.6%-68.6%
Q4 2022-34.4%-46.9%-74.6%
Q3 2022+0.0%+0.0%+12.0%
Q2 2022+2.7%-8.1%-5.4%
Q1 2022-9.2%-11.8%-17.1%
Q4 2021-4.3%-11.1%-35.0%
Q3 2021-6.8%-0.7%+5.4%
Q2 2021-15.3%-17.8%-29.8%
Q1 2021+15.2%-9.6%-38.2%
Q3 2020+24.4%+16.0%+31.9%
Q2 2020-10.5%-21.1%+321.1%
Q1 2020+13.3%-26.7%+46.7%
Q3 2019+7.3%-2.4%-4.9%
Q2 2019-2.2%-4.4%-6.7%
Q1 2019+4.0%+9.3%-10.7%
Q1 2015+3.4%
Q1 2014+0.0%
Q1 2013-1.9%
Q3 2012-9.8%
Q1 2010+1.8%
Q1 2012+1.8%
Q4 2011-3.0%
Q3 2011+4.8%
Q2 2010+3.4%
Q4 2010+1.4%
Q3 2010-1.0%

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