NYSE$LCTX

Lineage Cell Therapeutics In · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Lineage Cell Therapeutics reported increased revenue but continued losses in Q4 2024.

Lineage Cell Therapeutics' Q4 2024 revenue increased to $2.9 million, up from $2.1 million in Q4 2023, primarily due to higher collaboration revenue. The company reported a net loss of $3.3 million, improving from a $4.8 million loss in the prior year. Operating expenses decreased slightly to $7.8 million, driven by lower R&D costs. Cash and cash equivalents stood at $45.8 million at quarter-end, providing operational runway into Q1 2027.

  • Revenue increased to $2.9 million, driven by collaboration agreements.
  • Net loss narrowed to $3.3 million from $4.8 million in Q4 2023.
  • Operating expenses declined to $7.8 million due to lower R&D costs.
  • Cash and cash equivalents totaled $45.8 million, supporting operations into 2027.

Headline financials

Total Revenue

$2.9M

Previous: $2.1M+38.1%
EPS (adj)

-$0.02

Previous: -$0.03+33.3%
R&D expenses

$3.4M

No prior period
G&A expenses

$4.4M

No prior period
Capital Expenditures

-$365K

Previous: -$91K-301.1%
Net Income

-$3.3M

Previous: -$4.8M+31.3%
Operating Income

-$5.1M

Previous: -$6.4M+20.3%
Gross Profit

$2.56M

Previous: $1.66M+54.7%
R&D Expense

$3.42M

Previous: $3.87M-11.6%

Revenue & EPS history

Lineage · Revenue · Quarterly

$2.9M

Q4 2024+38.1%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

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

  • Royalties and licensing
    $700K

Forward guidance

Lineage expects continued revenue growth through collaboration agreements, while focusing on reducing operating expenses and advancing clinical trials.

Tailwinds

  • Collaboration revenue is expected to grow in 2025.
  • Strong cash position supports operations into 2027.
  • Expanded clinical trials and regulatory advancements expected.
  • Potential additional funding from clinical milestone-linked warrants.
  • Strategic partnerships with Roche and Genentech progressing.

Headwinds

  • Continued net losses expected in 2025.
  • Dependence on external collaborations for revenue growth.
  • Ongoing R&D expenses could pressure margins.
  • Regulatory hurdles may delay clinical progress.
  • Competition in the cell therapy sector remains strong.

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 2024

Historical avgQ4 2024

+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%
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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