NYSE$MTNB

Matinas BioPharma Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Matinas BioPharma reported financial results for the first quarter ended March 31, 2020, and provided a corporate update and outlook for 2020.

Matinas BioPharma reported a net loss attributable to common shareholders of $5.2 million, or a net loss per share of $0.03 for the first quarter of 2020. The company's cash, cash equivalents, and marketable securities were approximately $71.2 million as of March 31, 2020, sufficient to fund operations into the first half of 2023.

  • ENHANCE-IT study of MAT9001 against Vascepa® is set to resume in June 2020.
  • EnACT study of MAT2203 in cryptococcal meningitis is expected to resume in June 2020.
  • The COVID-19 pandemic has not had a material impact on the business.
  • Cash resources are sufficient to fund operations into the first half of 2023.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$1.50

Previous: -$2.00+25.0%
Net Income

-$5.2M

No prior period
Cash & Equivalents

$71.2M

No prior period

Revenue & EPS history

Matinas BioPharma · Revenue · Quarterly

$0

Q1 2020
Beat estimate in 2 of 8 quarters(25%)
ActualEstimate

Forward guidance

Matinas BioPharma believes that cash on hand is sufficient to fund operations into the first half of 2023.

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 2020

Historical avgQ1 2020

-2.1%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-1.9%

Avg return

30 days after

37%

14 / 38 earnings

Positive

+43.0%

Q2 2025

Best reaction

-41.3%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+2.6%+4.3%-32.2%
Q2 2025+43.0%+5.5%+10.9%
Q2 2024-1.3%+9.0%+17.3%
Q1 2025+6.3%+2.5%+15.0%
Q4 2025-6.0%-7.5%+21.2%
Q3 2024-15.0%-18.1%-23.9%
Q1 2024-1.1%-1.1%-10.7%
Q4 2023-5.2%+29.4%-37.4%
Q3 2023-24.3%-31.9%-21.9%
Q2 2023-41.3%-50.0%-50.9%
Q1 2023-12.5%-15.5%-26.0%
Q4 2022+2.1%-11.1%-2.2%
Q3 2022-3.3%-5.0%-15.2%
Q2 2022-4.7%-8.4%-12.9%
Q1 2022+6.7%+6.5%+32.0%
Q4 2021+12.9%+6.9%+40.0%
Q3 2021-6.8%-2.8%+3.7%
Q2 2021-2.5%-5.7%+2.7%
Q1 2021+2.6%-3.8%+7.1%
Q4 2020-2.7%-1.8%-98.3%
Q3 2020-2.6%-3.6%+29.0%
Q2 2020-3.8%-7.2%-22.0%
Q1 2020+8.9%+11.7%+29.7%
Q4 2019-14.6%-34.0%-49.1%
Q3 2019-4.8%+31.2%+96.8%
Q2 2019+6.2%+6.7%+2.1%
Q1 2019+1.8%+10.0%-7.8%
Q4 2018-0.9%-1.8%-7.2%
Q3 2018-25.2%-29.8%-28.8%
Q2 2018-1.4%+5.0%+26.1%
Q1 2018-1.0%+0.6%+8.6%
Q4 2017-5.5%-12.8%-38.8%
Q3 2017+2.6%+4.4%+24.6%
Q2 2017+14.4%+5.6%+9.6%
Q1 2017+2.9%+7.6%-7.3%
Q3 2016-6.3%-4.0%-20.0%
Q2 2016+3.2%+1.5%+64.7%
Q1 2016
Q3 2015
Q3 2014-3.3%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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