NYSE$LCTX

Lineage Cell Therapeutics In · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported financial and operating results, highlighting progress from clinical cell therapy programs.

Lineage Cell Therapeutics reported a net loss of $7.8 million, or $0.05 per share, for the third quarter of 2021. Total revenues were $2.3 million, an increase of $1.7 million compared to the same period in 2020. Cash, cash equivalents, and marketable securities totaled $65.1 million as of September 30, 2021.

  • Reported positive interim outcomes in patients with dry AMD with geographic atrophy.
  • Initiated performance testing of OPC1 delivery device for spinal cord injury.
  • Expanded executive team with the appointment of a new General Counsel.
  • Preparing for engagement with FDA for OpRegen program to discuss aspects of product designation, manufacturing plans, and later-stage clinical development.

Headline financials

Total Revenue

$2.27M

Previous: $571K+297.5%
EPS (adj)

-$0.05

Previous: -$0.05+0.0%
Capital Expenditures

$54K

Previous: -$40K+235.0%
Free Cash Flow

-$7.82M

Previous: -$7.8M-0.3%
Net Income

-$7.82M

Previous: -$7.76M-0.8%
Operating Income

-$6.84M

Previous: -$6.73M-1.8%
Gross Profit

$1.29M

Previous: $469K+174.0%
Cash & Equivalents

$60.8M

Previous: $32.6M+86.7%
Total Assets

$131M

Previous: $103M+27.3%
Stock-Based Comp

$1.14M

Previous: $501K+128.1%

Revenue & EPS history

Lineage · Revenue · Quarterly

$2.27M

Q3 2021+297.5%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

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

  • Royalties and licensing
    $700K

Forward guidance

Lineage is preparing for engagement with FDA for its OpRegen program and looks forward to the initiation of its OPC1 and novel delivery device clinical safety study early next year.

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 2021

Historical avgQ3 2021

+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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