NYSE$MTNB

Matinas BioPharma Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Matinas BioPharma's Q2 2021 financial results were reported, highlighting progress with MAT2203 and MAT2501, along with positive in vitro data for LNC-remdesivir formulations.

Matinas BioPharma reported a net loss of $5.0 million for the second quarter of 2021, with cash, cash equivalents, and marketable securities totaling $59.8 million as of June 30, 2021. The company believes its cash on hand is sufficient to fund operations into 2024. Enrollment was completed in the second cohort of the EnACT study of MAT2203, and positive FDA feedback was received on the MAT2501 development program.

  • Completed enrollment in the second cohort of the EnACT study of MAT2203 for cryptococcal meningitis.
  • Received positive FDA feedback on the MAT2501 development program, allowing for a Phase 1 study in Q4 2021.
  • Observed meaningful efficacy of LNC formulations of Gilead Sciences’ remdesivir in in vitro studies, with NIAID preparing for an in vivo efficacy study in Q3 2021.
  • Cash, cash equivalents and marketable securities were approximately $59.8 million at June 30, 2021.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$1.00

Previous: -$1.50+33.3%
Net Income

-$5M

Previous: -$5.8M+13.8%
Operating Income

-$4.79M

No prior period
Cash & Equivalents

$59.8M

Previous: $68M-12.1%
Total Assets

$70M

No prior period
Stock-Based Comp

$1.06M

No prior period

Revenue & EPS history

Matinas BioPharma · Revenue · Quarterly

$0

Q2 2021
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

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 Q2 2021

Historical avgQ2 2021

-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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