NYSE$LCTX

Lineage Cell Therapeutics In · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported financial and operating results for the third quarter ended September 30, 2020.

Lineage Cell Therapeutics reported third quarter 2020 financial results, with a net loss of $7.8 million, or $0.05 per share, and total revenues of $0.6 million, consistent with the same period in 2019. The company's cash, cash equivalents, and marketable securities totaled $38.0 million as of September 30, 2020, including $24.6 million from Juvenescence.

  • Lineage moved all three of its clinical programs forward during the third quarter.
  • The company reported new data on VAC2 and is advancing closer to the completion of patient enrollment in the OpRegen trial.
  • Lineage anticipates completing enrollment in the VAC2 Phase 1 study in non-small cell lung cancer by the end of the first quarter of 2021.
  • Lineage is financially well-positioned to continue driving clinical programs toward key milestones, particularly following the receipt of $24.6 million from Juvenescence.

Headline financials

Total Revenue

$571K

Previous: $567K+0.7%
EPS (adj)

-$0.05

Previous: -$0.11+54.5%
Capital Expenditures

-$40K

Previous: -$433K+90.8%
Free Cash Flow

-$7.8M

Previous: -$16.9M+53.9%
Net Income

-$7.76M

Previous: -$16.5M+53.0%
Operating Income

-$6.73M

Previous: -$8.42M+20.1%
Gross Profit

$469K

Previous: $453K+3.5%
Cash & Equivalents

$32.6M

Previous: $14.4M+126.7%
Total Assets

$103M

Previous: $133M-22.5%
Stock-Based Comp

$501K

Previous: $759K-34.0%

Revenue & EPS history

Lineage · Revenue · Quarterly

$571K

Q3 2020+0.7%vs Q3 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Lineage · $700K total across 1 segment · Q4 2019

  • Royalties and licensing
    $700K

Forward guidance

Lineage has the following plans and objectives for the remainder of 2020 and early 2021.

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 Q3 2020

Historical avgQ3 2020

+0.2%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

50%

31 / 62 earnings

Positive

+16.6%

Q4 2016

Best reaction

-14.5%

Q1 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%-4.6%-2.3%
Q4 2025+0.5%-8.7%-14.7%
Q3 2025+1.2%+11.6%-0.6%
Q1 2025-0.1%+6.4%+72.3%
Q4 2024+0.4%-1.9%-22.6%
Q3 2024-5.3%-1.1%-44.0%
Q2 2024+4.4%-4.6%-3.4%
Q1 2024+0.9%-10.3%-16.4%
Q4 2023+15.0%+9.7%+23.9%
Q3 2023-5.5%-8.2%-5.5%
Q2 2023+0.0%+1.4%-5.6%
Q1 2023-3.5%-4.9%-3.5%
Q4 2022-2.1%-4.8%-6.2%
Q3 2022+15.2%+4.8%-2.4%
Q2 2022+0.6%-3.2%-16.7%
Q1 2022-5.9%+1.7%+17.6%
Q4 2021-5.6%-14.8%-3.5%
Q3 2021-0.4%+0.4%-19.0%
Q2 2021-1.1%-7.9%-12.1%
Q1 2021-0.4%+0.9%+26.4%
Q4 2020+10.2%+21.0%+32.3%
Q3 2020+7.4%+7.4%+32.0%
Q2 2020+3.7%+2.3%-2.3%
Q1 2020-3.7%-11.5%-7.3%
Q4 2019-5.3%-12.7%-2.5%
Q3 2019+6.6%+19.2%-5.5%
Q2 2019-8.9%-8.9%-8.9%
Q1 2019+0.8%-10.8%-16.7%
Q4 2018+10.2%+0.0%-17.8%
Q3 2018-8.6%-17.1%-27.1%
Q2 2018-3.7%-4.6%+14.1%
Q1 2018+0.9%+2.3%+3.7%
Q4 2017+0.7%-4.3%-10.1%
Q3 2017+14.3%+6.3%+8.5%
Q2 2017+6.4%+6.0%+8.3%
Q1 2017+0.3%+1.9%+1.6%
Q4 2016+16.6%+5.5%+5.8%
Q3 2016+0.3%+0.3%+1.3%
Q2 2016-5.4%-6.0%+5.1%
Q1 2016-4.6%
Q4 2015+9.5%
Q3 2015-7.6%
Q2 2015-6.2%
Q4 2014+1.2%
Q3 2014+0.3%
Q1 2014+6.4%
Q4 2013-7.0%
Q3 2013-1.8%
Q2 2013+0.5%
Q1 2013+8.5%
Q4 2012-9.5%
Q3 2012-4.5%
Q2 2012-4.3%
Q1 2012-2.1%
Q4 2011-4.2%
Q3 2011-7.1%
Q2 2011+3.0%
Q1 2011-2.9%
Q4 2010-4.7%
Q3 2010+6.9%
Q2 2010+2.1%
Q1 2010-14.5%

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