NYSE$LCTX

Lineage Cell Therapeutics In · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2021 financial results and provided a business update.

Lineage Cell Therapeutics reported total revenues of $1.2 million for the fourth quarter ended December 31, 2021, an increase of $0.8 million compared to the same period in 2020. The net loss attributable to Lineage for the three months ended December 31, 2021 was ($29.0) million, or ($0.17) per share (basic and diluted). Cash and cash equivalents totaled $55.7 million as of December 31, 2021.

  • Entered into a worldwide corporate partnership with Roche and Genentech for the OpRegen program.
  • Continued to execute on the strategic plan to position Lineage as a leader in the allogeneic cell transplant revolution.
  • The collaboration with Roche and Genentech brings significant validation to the technology platform and approach to product development.
  • The transaction adds significant new capital to help support the advancement of the OPC1 program, VAC platform, and the expansion of the regenerative medicine pipeline.

Headline financials

Total Revenue

$1.2M

Previous: $355K+238.0%
EPS (adj)

-$0.17

Previous: $0.01-1800.0%
Capital Expenditures

$160K

Previous: $24K+566.7%
Free Cash Flow

-$6.03M

Previous: -$5.67M-6.5%
Net Income

-$29M

Previous: $2M-1550.0%
Operating Income

-$28.2M

Previous: -$5.9M-378.0%
Gross Profit

$964K

Previous: $241K+300.0%
Cash & Equivalents

$55.7M

Previous: $41.6M+33.9%
Total Assets

$175M

Previous: $108M+61.7%
Stock-Based Comp

$918K

Previous: $494K+85.8%

Revenue & EPS history

Lineage · Revenue · Quarterly

$1.2M

Q4 2021+238%vs Q4 2020
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's corporate objectives in 2022 will be focused on the continued advancement of current clinical programs and making responsible investments in the expansion of its novel approach to cell transplant medicine in disease settings where they believe they can make a meaningful impact. They look forward to announcing a new, internally developed pipeline candidate later this quarter.

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 Q4 2021

Historical avgQ4 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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